22526 Sioux Road, Apple Valley

$3,750,000

0 Beds
0 Baths
38,280 Sqft
4.03 Acres
0 Garages

Cash Flow Property, built in 1986 on roughly 4.03 acres, the Apple Valley TownHomes offers an investor the opportunity to acquire an asset with huge value add potential as current rents are approximately 20% below market. Priced at $98,684 on a per unit basis and a price per square foot of $97.96, there is a potential to achieve over a 7% cap rate and a gross rent multiplier of 8.5 with a substantial cash on cash return on investment. The property features sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Baths). Tenant amenities include individual water heaters, central A/C and heat, large patios, a central common area, and assigned garages and car spaces.

Essential Information
MLS® #NP19195372
Price$3,750,000
Bathrooms0.00
Square Footage38,280
Acres4.03
Year Built1986
TypeResidential Income
StatusActive
Community Information
Address22526 Sioux Road
AreaApple Valley (APPV)
CityApple Valley
CountySan Bernardino
StateCA
Zip Code92308
Amenities
Parking Spaces79
Has PoolYes
Interior
HeatingCentral Furnace
CoolingCentral A/C
Exterior
Lot Description6-10 Units/Acre, Corner Lot
Additional Information
Date ListedAugust 15th, 2019
Days on Market96
Listing Details
AgentIgnacio Diaz Jr.(01379930)
OfficeInvestment Capital Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of November 20th, 2019 at 4:58pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.