$ 1,300,000
-
$1,300,000
Price -
5,460
SqFt -
0.47
Acre
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About the Listing IVLEIN - IVCORRDAR
Excellent eight-unit multifamily investment opportunity located at 16395 Village Drive in Victorville, CA. Offered at $1,300,000 ($162,500 per unit), the property features an attractive 7.07% current CAP rate with upside to a 7.39% pro forma CAP rate. Built in 1985, the property consists of two residential buildings totaling approximately 5,460 rentable square feet on a 0.47-acre lot. The desirable unit mix consists entirely of eight 2-bedroom/1-bathroom units, each averaging approximately 675 square feet. The property generates $144,000 in annual scheduled rental income, with potential to increase to $148,800 at projected market rents. Additional features include onsite parking, covered carports, air conditioning, and stucco construction. Conveniently located near Interstate 15, Southern California Logistics Airport, shopping, dining, and major employment centers throughout the Victor Valley. An attractive opportunity to acquire an established income-producing multifamily asset with strong in-place cash flow, rental upside, and long-term investment potential.
Listing Highlights for 16395 Village
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Septic Tank
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 0395062120000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
16395 Village Victorville, CA 92394
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