UPDATED:
10/16/2024 09:53 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,774 sqft
Price per Sqft $334
MLS Listing ID CV24208870
HOA Y/N No
Year Built 1972
Lot Size 4.757 Acres
Property Description
Key Features:
- Current Units: 13 well-maintained multifamily units, providing immediate rental income.
- Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion.
- Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process.
- Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs.
- Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants.
This property represents an exceptional investment opportunity in a thriving market. Whether you're looking to expand your real estate portfolio or embark on a new development project, 21905 Powhatan Rd offers the perfect blend of immediate income and long-term growth potential.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 20
Pool None
Community Features Curbs
Utilities Available Sewer Connected, Water Connected
Total Parking Spaces 27
Private Pool No
Building
Lot Description 16-20 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot, Street Level, Value In Land
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 3087351060000
Acceptable Financing Cash to New Loan, Owner Will Carry, Owner May Carry
Listing Terms Cash to New Loan, Owner Will Carry, Owner May Carry
Special Listing Condition Standard
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