23333 Tussing Ranch Road

    Apple Valley, CA 92308
    • $350,000
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: SR18146494
    $350,000
    • 0
      BEDS
    • 1.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,749
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Huge Income Opportunity & 2 Acres! Cannabis Operation Once Occupied 1,000 SF Detached Workshop/Garage & Custom Built 1,749 SF 3 Bed & 3 Bath Home, Same Tenant Since 2015 & Turnkey 5.1% Cap Rate @ $1850 Market Rent Vs. 4.6% Cap Rate Currently @ $1700 Month-to-Month, Separate Office, Private Well, Only 1 Prior Owner, Blaze King Wood-Burning Stove, Built-In Appliances, Master Bedroom Fireplace, Walk-In Closet & Separate Patio Access, Laundry, Central Air & Forced-Air Heat, Fruit Trees

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84812975

    23333 Tussing Ranch Road Apple Valley, CA 92308

    • Price: $350,000
    • Status: Active
    • ID#: SR18146494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.93
    Acres
    2,749
    SQFT
    $127
    $/SQFT
    1986
    Built
    Neighborhood:
    APPV - Apple Valley
    County:
    San Bernardino
    Area:
    APPV - Apple Valley
    Property Description
    Huge Income Opportunity & 2 Acres! Cannabis Operation Once Occupied 1,000 SF Detached Workshop/Garage & Custom Built 1,749 SF 3 Bed & 3 Bath Home, Same Tenant Since 2015 & Turnkey 5.1% Cap Rate @ $1850 Market Rent Vs. 4.6% Cap Rate Currently @ $1700 Month-to-Month, Separate Office, Private Well, Only 1 Prior Owner, Blaze King Wood-Burning Stove, Built-In Appliances, Master Bedroom Fireplace, Walk-In Closet & Separate Patio Access, Laundry, Central Air & Forced-Air Heat, Fruit Trees
    Exterior Features

    Garage Spaces 3.00 Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Heating Central Furnace Heating YN Yes Laundry Features Dryer IncludedInsideWasher Included Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.60 Community Features Valley Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 20400.00 Gross Operating Income 19788.00 Gross Scheduled Income 20400.00 Insurance Expense 1100.00 Land Lease YN No Laundry YN Yes Net Operating Income 16089.00 New Construction YN No New Taxes Expense 2701.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 3801.00 Operating Expense Percent 18.63 Present Loans 230000 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Total Expenses 3801.00 Trash Expense 0.00 Vacancy Allowance 510 Vacancy Allowance Rate 2.50 Water Sewer Expense 0.00 Water Source Well Year Built Source Assessor Zoning Rl

    Listing provided courtesy of Ryan Mcelveen of Ryan Mcelveen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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