15340 Ute Road, Apple Valley, CA 92307

$449,000 Approx. USD 0 beds, 0 baths
5,042 sqft

Agent Remarks

**PRICE REDUCED $61K FROM ORIGINAL LIST & PRICED WELL BELOW REPLACEMENT COST** 1980 built single story building featuring 6 (2+1) spacious two bedroom/one bath units in a nice Apple Valley location. Walking distance to Apple Valley Civic Center, Target, Starbucks, and numerous of other amenities. Five of the units have private patios. All units have central ac/heat, separate water heaters and separate tenant meters for gas & electric. There are 6 new AC units and 6 new swamp coolers plus there is a laundry room for additional income (seller-owned machines included in sale). There is ample parking with 6 carport spaces and 6 open spaces. The subject property is has approximately 5,140 square feet and sits on a 32,800 square foot lot (buyer to verify all building/lot dimension data). **Priced to Sell at 8.53 GRM/7.08 CAP Actual Rents!!! 9.3% cash-on-cash return on actual rents with 40% down** Equalize the rents and achieve a 7.6 CAP and a 10.3% cash-on-cash return**

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# PW16022120
List price is $449,000 Reduced by $20,000 on 9/10/2016
Beds: 0
Baths: 0
Built in 1980
5,042 sqft
1 stories
0.75 acres
Lot size: 32800.000
County: San Bernardino
Parking description: Carport
MLS area: APPV - Apple Valley

Last Updated: 10/14/2016

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This listing belongs to the APPV - Apple Valley MLS area

Lat/Long: 34.530258, -117.210007.
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Broker: Courtesy of Vanguard Investment Properties
Listing Agent: Ed Diaz

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