15811 Apple Valley Road

HIGHLIGHTS: ProForma CAP Rate of 6.74% With a ProForma GRM of 9.47. Current CAP Rate of 4.66%./ Located Across the street from St. Mary's Medical Center/ Several schools in the vicinity that serve the community, including elementary, middle, and high schools. These educational institutions offer options for families with school-age children./ Apple Valley is known for its outdoor recreational opportunities. There are several parks in the area, such as Civic Center Park, Mojave Narrows Regional Park and Horsemen's Center Park, where residents can enjoy open spaces, playgrounds, sports facilities, and community events./ Turn Key Financeable Asset. The Apple Valley Road Apartment community is located on the corner lot of Hwy 18 and Apple Valley Rd. The 6 unit apartment is composed of (6) 2-bedroom / 1 bathroom units that are approximately 854 Sq. Ft. The owner has invested in recent capital improvements that include renovated units. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.