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Property Description

Rare opportunity to own quadruplex (4 Units with Garages) in highly sought after Desert Knolls neighborhood in Apple Valley, Ca. Immediate upside if you can manage yourself currently with professional management company costing +-$5,400 in annual expenses. The Operating Expenses and NOI include new property taxes at +-$900,000 and current insurance coverage. Neighborhood includes nearby St. Mary's Hospital, high end homes, offices, restaurants, banks, shopping, and much more. Within minutes of the I-15 Freeway. Units feature 2 Beds 1 Baths with living area and kitchen. Two units have been completely remodeled last year with the higher rents and the other two units are long term tenants. Great pro-forma potential in a growing market with highly anticipated High Speed Train to Las Vegas plus millions of sq ft of industrial buildings proposed in the North Apple Valley Industrial Specific Plan.

Overview

Property Status
Sold
Lot Size
0.52 Acres
MLS ID
HD24102854
Property Type
Multi-Family
Year Built
1988

Features & Amenities

Total Area
4,088 Sq.Ft.
Neighborhood
San Bernardino County
Stories
1
Garage Spaces
8.0
Water Source
Public
Pool
None
Lot Features
Landscaped, Level, Paved, Rectangular Lot, Yard
Laundry Room
Inside
Sewer
Public Sewer
Sales Price
$870,000

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16340 Quantico Road

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16340 Quantico Road
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