Advtge
Listed by Advtge
$699,900
6424 Athol
Details
APN 0623031040000
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 9.89%
Buildings 4
Acreage 1.102
Zoning Assessor
Multifamily | 9.89% CAP | 6 Units
Marketing description
Exceptional opportunity to acquire a well-maintained 6-unit apartment community in the growing Twentynine Palms rental market. The property offers a desirable unit mix of five 2-bedroom, 1-bath units and one studio, providing strong in-place cash flow with additional upside. Extensively improved approximately three years ago, all six units feature renovated kitchens and bathrooms, updated cabinetry, granite countertops, and durable tile flooring throughout many of the units. The five 2-bedroom units are equipped with ducted 2-ton York rooftop heating and air conditioning systems, while the studio features a brand-new mini-split HVAC system. Additional improvements include dual-pane windows, newer screens, and upgraded sliding glass doors. The property also features five detached garages, ample on-site parking, low-maintenance desert landscaping, and separately metered gas and electric for the 2-bedroom units, helping minimize operating expenses. Ideally located just minutes from Joshua Tree National Park and the Marine Corps Air Ground Combat Center, the property continues to benefit from strong rental demand driven by military personnel, tourism, and the areas continued growth. Property must be sold concurrently with 6321 Yucca Ave., Twentynine Palms. Interior photos are representative of the quality of renovations completed throughout the property and are provided for reference only. They do not depict any specific unit, current vacancy, or current condition.
Listing Contacts
Advtge
Listed by Advtge
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