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22526-22544 Sioux Rd
Apple Valley, CA 92308
Cash Flow Property - Value Add · Multifamily Property For Sale
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38 Units
Property Facts
| No. Units | 38 | Lot Size | 4.03 AC |
| Property Type | Multifamily | Building Size | 38,804 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 4.03 AC |
| Building Size | 38,804 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.52/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Basketball Court
- Walk-Up
- Smoke Detector
About 22526-22544 SIOUX RD , APPLE VALLEY, CA 92308
Cash Flow Property, built in 1986 on roughly 4.03 acres, the Apple Valley Town Homes offers an investor the opportunity to acquire an asset with huge value add potential as current rents are approximately 20% below market. Priced at $98,684 on a per unit basis and a price per square foot of $97.96, there is a potential to achieve over a 7% cap rate and a gross rent multiplier of 8.5 and a substantial cash on cash return on investment. The property features sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Baths). Tenant amenities include individual water heaters, central A/C and heat, large patios, a central common area, and assigned garages and car spaces.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 16 | - | - |
| 2+2 | 19 | - | - |
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,294,609 | |
| Land Assessment | $601,504 | Total Assessment | $3,896,113 |
Property Taxes
Parcel Numbers
Land Assessment
$601,504
Improvements Assessment
$3,294,609
Total Assessment
$3,896,113
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