Apple Valley, CA, 92308 - For Sale

Type:	Acreage/Land
Address:	21868 Ottawa Road, Apple Valley, CA, 92308
Bedrooms:	N/A
Bathrooms:	N/A
Year Built:	N/A
Sq. Footage:	N/A
Price/Sqft:	N/A
Property Tax:	new! $17,708
Price:	$1,900,000
Sale Type:	For Sale by Agent

Listing added: 2009-02-14

Additional features: Lot size: 428630.41, School district: , , ,

EXTREMELY MOTIVATED SELLER! Seller had plans to build 196 units of multifamily housing but the financing fell through. Take advantage of this situation now. Price discounted far below present value. This site is perfect for anyone looking to buy and hold or for an investor with cash who can divide it into parcels and resell immediately. Huge potential upside! Appraised by CBRE for $2.8 million in Jan 2008. The site lies in Residential Multifamily Zone which may allow for re-entitlement of up to 196 units. Site can be developed into apartments or condominiums. Apartment vacancy rate in Apple Valley is less than 2%%. Owner has completed a Phase I Environmental Report which determined the site to be clean and the land usable. There is no further environmental analysis necessary. All utilities are present at site. Take advantage of this great opportunity! Currently priced well below market rate for a quick sale.

To directly access this property, use this shortcut: http://www.fizber.com/9954519/

Provided By: http://www.jrealty.org
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