Attractive Current CAP Rate of 6.99%. Proforma Cap Rate of 7.98%, Offering an Actual GRM of 9.44 with a Proforma GRM of 8.17, Located Blocks From Desert Valley Hospital and Victor Valley College, Improvements to Include New Flooring, Paint, and Landscaping. The A Avenue Apartments are located at the major cross streets of Bear Valley Road and Hesperia Rd. The Property has accessible onsite parking (16 spaces) in the front. This eight unit apartment community is composed of (4) 1 bedroom / 1bath and (4) 2 bedrooms / 1 bedroom units that are approximately 520 sqft and 677 sqft. The owner has invested in recent capital improvements to include new tile flooring, paint, and landscaping. The Property is located just minutes from Desert Valley Hospital which is one of the top accredited Hospitals in the nation. The property is located blocks from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. Hesperia's desert climate provides year-round access to many outdoor recreational activities. 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.
Listing courtesy of ALBERT LE from LE INVESTMENT GROUP
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