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11246 Chapparal Avenue Adelanto, CA 92301
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Key Details
Sold Price $930,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,616 sqft
Price per Sqft $165
MLS Listing ID CRCV23163237
Sold Date 08/30/24
HOA Y/N No
Year Built 1987
Lot Size 0.460 Acres
Acres 0.46
Property Description
This attractive 6-unit apartment offers a lucrative investment opportunity. Each of the six units consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $9600, offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. Two of the units have been recently remodeled, adding a modern touch to the complex. This not only improves the aesthetic appeal but also suggests a commitment to
Location
State CA
County San Bernardino
Area Listing
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
Water Public, Other
New Construction No
Others
Tax ID 0459611080000
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Bought with HankHoang