6 UNITS VICTORVILLE, 8.33% CAP AT ACTUAL RENTS!!!
Multifamily | 6 Units | $154,167/unit
Marketing description
Offering is 6 units in Victorville. Victorville is one of 3 major cities in Upper Desert. We're located 25 miles N/O San Bernardino. The Upper Desert comprises of 500,000+/- people & has all major retail/office businesses. Major cities are Victorville, Apple Valley, & Hesperia. The Upper Desert multifamily market is very strong, low crime, attractive neighborhoods, & low vacancy rates! This Offering is located on E/S of Victorville, the most desirable area of Victorville, adjacent to the most prestigious area of Upper Desert, Desert Knolls. Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas/electric that tenants sign up and pay for. There are not other common area expenses, & landlord pays water and trash. All expenses are in SUPPLEMENTS attached. This complex has the following fine amenities. *Newer roofs *Updated plumbing/electric *Newer tile floors *Updated appliances *Updated cabinetry *All units have been rehabbed. *Laundry room. *Laundry hook ups. *Private tenant yards. * 15 parking stalls *Ceiling fans throughout. *Beautiful low maintenance/cost landscaping. Complex heated by wall furnace & cooled by window AC's & swamp coolers. no need for landlord worrying about high cost replacement of AC's, & no need TENANT affording summer time cooling. Running a swamp cooler is like running a light bulb!! All tenants are in good standing and always pay rent on time! COMPLEX REALLY PERFORMS! PLEASE SEE MARKETING PACKAGE
Investment highlights
LOCATED IN ONE OF THE NICEST AREAS OF THE UPPER DESERT
THE BEST PERFORMING MULTIFAMILY IN SOUTHERN CALIFORNIA!
AT ACTUAL RENTS, PERFORMING AT $92,460 ANNUAL GROSS INCOME, A 7.82% CAP, AND A DOUBLE DIGIT 10.30% CASH ON CASH, AKA ANNUAL POSITIVE CASH OF $19,058!!
AT MARKET RENTS, PERFORMNG AT $112,800 ANNUAL GROSS INCOME, A 10.00 CAP RATE, AND A ROBUST 21.20% CASH ON CASH, AKA ANNUAL POSITIVE CASH OF $39,218!!
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