Kristopher German
This listing was posted on RealtyWW.
$850,000
Th St, Victorville, Home For Sale
Price:
$850,000
BR/BA:
10+ BR, 6 BA
Location:
15563 5th St, Victorville, CA
Description:
We are pleased to exclusively offer for sale this well maintained asset that boasts a strong Cap Rate on current financials with a tremendous upside opportunity in rents. 15563 E. 5th Street offers a diverse mix of units: one spacious 2-bed/1-bath stand-alone cottage, three additional 2-bed/1-bath units, and two cozy 1-bed/1-bath units. The property offers ample on-site parking for tenants, and each unit is separately metered for electricity and gas, ensuring streamlined management and utility costs. A dedicated laundry facility, currently not in use, adds potential value. Recently, over $70, 000 has been invested in capital improvements, enhancing the propertys appeal and functionality. With a current GRM of 10.12 and a cap rate of 6.86%, this asset promises stable cash flow and requires minimal maintenance. The city of Victorville, with a median household income of approximately $55, 000, provides an affordable living environment for its residents. The city has experienced a moderate historical vacancy rate for apartments, indicating a steady demand for rental housing. Tenants are attracted to Victorville for its convenient access to major highways, diverse shopping options, and growing community amenities, making it an ideal place to call home.For more details: https://realtyww.info/homes_victorville-d526836/for-sale_i75403020
Property Type:
Single-Family Houses
Posted:
August 25 on RealtyWW
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More About this Listing: Th St, Victorville, Home For Sale
Th St, Victorville, Home For Sale is a 10+ BR 6.5 Bath Single-Family Homes for Sale at 15563 5th St in Victorville CA. Find other listings like Th St, Victorville, Home For Sale and listings near 15563 5th St by searching Oodle Classifieds for 10+ BR 6.5 Bath Single-Family Homes for Sale in Victorville CA.
Th St, Victorville, Home For Sale is a 10+ BR 6.5 Bath Single-Family Homes for Sale at 15563 5th St in Victorville CA. Find other listings like Th St, Victorville, Home For Sale and listings near 15563 5th St by searching Oodle Classifieds for 10+ BR 6.5 Bath Single-Family Homes for Sale in Victorville CA.