20305 Carlisle Road, Apple Valley , CA  92307 for $1,200,000 


 

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20305 Carlisle RoadApple Valley, California CA92307-2865

Listing IDPW19075056

7,339 SqFt 0.904 Acres

$1,200,000

Investor’s Delight. Excellent investment with RARE HIGH CAP RATE of 7.79% and lots of HIGHER POTENTIALS. Long term Tenants. No rent control. Property has fencing on 3 sides. Total 11 Units in 2 Separate Buildings on same Property. Ten (10) 654 sqft 1 Bd/1 Bth units with large kitchen & roomy living room, plus 3 built in furniture: kitchen table, bedroom desk!, bedroom extra chest with drawers. All located in a one-story U-shaped bldg with common court yard. One (1) 800 sqft 1Bd/1 Bth independent 11th unit in the back with attached one car garage with lots of storage locking cabinets and a work table. Uni All units are currently rented at below market rates. Income can be increased by new owner by raising rents and reconverting current storage room to laundry room. Plenty of parking spaces with 11 assigned spots & an extra 12 spaces. All newer Swamp Coolers in 9 units, 3 of the units have newer Water Heaters. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready. Recent MAJOR Dollars spent for All Exterior Painting of the Whole Complex Plus Asphalt Driveway Repairs. Located in a quiet area among Large Brand New Single Homes. Close to major shopping, eateries and schools. Easy access to I-15 & 395 Freeways. These units are in the proximity of the upcoming Huge Project of Bullet Trains from Orange County to Las Vegas! DISCREET DRIVE BY ONLY. DO NOT DISTURBING TENANTS IS A MUST !
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