Josma Drive Apartments
6 Unit Apartment Compound in Apple Valley, CA
Marketing description
Martinez & Associates is proud to present Josma Road Apartments, a fully occupied, 6-unit investment property located at 26650 Josma Dr in Apple Valley, CA. This stable asset is situated on a spacious 1.3 acre lot and offers a consistent income stream for the savvy investor, featuring an attractive 6% Cap Rate and $57,040 NOI based on the provided sale details. The property's operational efficiency is enhanced by tenants paying for their own direct-metered electric. Furthermore, the property benefits from highly effective management and is strategically located for future appreciation.
Investment highlights
Fully Occupied & Stable Income: 100% occupancy ensures immediate, consistent cash flow for the investor.
Prime Location & Connectivity: Strategically located near major freeways and just miles from the Apple Valley Airport, offering residents easy access
Owner Expense Minimization: Electric service is direct-metered and paid by tenants, significantly reducing the owner's operating expenses.
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