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17979 Quantico RD Apple Valley, CA 92307
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 531834
Year Built 1985
Lot Size 0.650 Acres
Property Description
Fully occupied 10 unit apartment complex offering above market returns. This 10 unit consists of 4 3 bedroom units and 6 2 bedroom units all renovated over the last three years. With a shortage of housing renting these units has been no problem even through Covid. In fact vacancies rates for the area were at their lowest in the 4th Quarter of 2020 as they were all year. 5.25% Cap on current financials. 6% Cap on market rents. Quantico 10 unit is located in one of the most desirable areas of the High Desert known as Desert Knolls. Close Proximity to St. Mary Hospital and supporting medical business. The location is convenient and highly desirable due to the abundance of high paying medical service jobs and the close proximity to Highway 18 for an easy commute.
Location
State CA
County San Bernardino
Zoning Residential 3
Interior
Heating Natural Gas
Cooling Central Air
Flooring See Remarks
Fireplaces Type None
Laundry See Remarks
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Utilities Available Sewer Available, Sewer Connected
View Y/N Yes
View Desert
Roof Type Composition
Building
Lot Description Paved
Story 2
Sewer Public Sewer
Water Private
Others
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
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Bought with ZAHIRA PIVARAL • EXP REALTY OF CALIFORNIA INC