Listed by NAI Capital
$2,950,000
Red Rock
Details
APN 3132-010-010, 024
Property Type Land
Sub Type Residential
Acreage 13.300
Zoning R2
Entitled Multifamily Site in Area of Strong Demand for Apartments
Marketing description
Entitled for 198 units
Approved Plans for Phase 1- The project is shovel ready
The Average Household Income in Ridgecrest is about $70,000
No "Market Rate" multifamily housing has been constructed for over 30 years
$3B has been approved for China Lake Naval Base improvements over the next 5 years,
Construction to commence early 2021
1,000-2,000 construction workers will be working on base reconstruction
Investment highlights
- Property is on a bike path to the retail center of town
- Possibility of preleasing a substantial portion of the first phase (22 units) or more
- The apartments are townhouse units with enclosed parking
- No neighbors above or below any apartments
Listing Contacts
Listed by NAI Capital
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
