22526 Sioux RD Pending

Apple Valley,CA 92308

$ 5400000

- Bed

- Bath

38730 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 38,730 sqft

Price per Sqft $139

MLS Listing ID HD23204397

HOA Y/N No

Year Built 1986

Lot Size 1.840 Acres

Acres 1.84

Property Description

One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability.

Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.

Location

State CA

County San Bernardino

Area Appv - Apple Valley

Interior

Laundry See Remarks

Exterior

Parking Features None

Garage Spaces 18.0

Pool Community,Fenced,See Remarks

Community Features Valley

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer None

Water Private

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS Submit

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Please do not disturb tenants.

SHOW CONTACT TYPE None,See Remarks

SHOW INSTRUCTIONS Contingent upon acceptable offer.

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