22526 Sioux Road, Apple Valley, CA 92308

$5,750,000
List Price
$5,750,000
Price Change
▼ $750,000 1713325976
MLS#
HD23204397
Status
ACTIVE
Type
Multifamily

Property Description

One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.

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Calculator source: Real Geeks

Courtesy of Coldwell Banker Commercial Rea, Jerrad Schendel.