Address
15535 Broken Bow Road Apple Valley, CA
Price
$ 888,000
Property Attributes
- MLS#IV21067559
- TypeContingent
- CountySAN BERNARDINO
- CityApple Valley
- AreaApple Valley
- Zip92307
- Style
- Price$ 888,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Lot Size0.45 Acres
Listing Provided Courtesy Of:
ALBERT LE with LE INVESTMENT GROUP.
Data Source:
CRMLS
Property Description
Highlights; Offering Actual CAP Rate of 6.89% With a ProForma CAP Rate of 6.98%. / GRM of 9.35 With a ProForma GRM of 9.25 / Exterior updates including all new vinyl windows. / Ample Onsite Parking / Quite Residential Neighborhood / Extra Large Lot room for possible expansion (Buyer to verify feasibility) / Tremendous upside getting all units to market rent. All large 2 bedroom units. The Broken Bow Apartments are located on a large 0.45 acre lot in the city of Apple Valley, CA. The 8 units are composed of all spacious 2 bedroom / 1 bath units. The property has had a recent improvements and is 100% occupied, The Inland Empire unlike the state's other major metros, the Inland Empire's rental market has maintained a healthy pace of growth with average rent in creasing2.5% from September 2019 to September 2020. Rents in every submarket within the region either gained or experienced little change as a result of the pandemic.
| Price History | |
|---|---|
| 4/1/2021 | Listed $88,000 |
General Features
| Community Features | Suburban |
|---|---|
| Levels | Two |
| MLS Area | APPV - Apple Valley |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Terms | Submit |
| Total Units | 8 |
| Water Sewer Expense | 3600 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | None |
Exterior Features
| Lot Features | 6-10 Units/Acre |
|---|---|
| Lot Size Acres | 0.45 |
| Lot Size Area | 19650 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 19650 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 9 |
| Number of Separate Gas Meters | 9 |
| Number of Separate Water Meters | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92307
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of April 17, 2021 1:53 PM UTC 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.
