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11246 Chapparal Ave | Adelanto CA | 7195888873

Francisco Perpuly

This listing was posted on RealtyWW.

$950,000

Home For Sale In Adelanto, California

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Price:
$950,000
Home Loan:
Mortgage Rates are Still Low - Free Quote Now
BR/BA:
10+ BR, 6 BA
Location:
11246 Chapparal Ave, Adelanto, CA
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 maintaining the property's value over time. Additionally, the recent installation of a new air conditioning unit improves the overall comfort and desirability of the apartments, another attractive feature for potential tenants. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Finally, with a projected 8% Capitalization Rate (Cap) at market rents, this investment demonstrates strong potential for financial growth. This rate showcases the relationship between the property's net operating income and its market value, indicating a solid return on your investment. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio.For more details: https://realtyww.info/homes_adelanto-d526013/for-sale_i69148763
Property Type:
Single-Family Houses
Amenities:
AC, Parking, Pool
Posted:
March 7 on RealtyWW
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More About this Listing: Home For Sale In Adelanto, California
Home For Sale In Adelanto, California is a 10+ BR 6.5 Bath Single-Family Homes for Sale at 11246 Chapparal Ave in Adelanto CA. Find other listings like Home For Sale In Adelanto, California and listings near 11246 Chapparal Ave by searching Oodle Classifieds for 10+ BR 6.5 Bath Single-Family Homes for Sale in Adelanto CA.