1218 E Avenue Q, Palmdale CA 93550 (Off Market)

For Sale, USD 7,200,000


1218 E Avenue Q, Palmdale CA 93550,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 23,230 ft² / 2,158 m²

Land Size : N/A

Bedroom : 48

Bathroom : 24

Half Bathroom : 0

MLS#: N/A


Property Description

Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
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1218 E Avenue Q, Palmdale CA 93550, United States,California,Palmdale is a 23,230ft² Palmdale luxury Multi-Family Home listed for sale USD 7,200,000. This high end Palmdale Multi-Family Home is comprised of 48 bedrooms and 24 baths. Find more luxury properties in Palmdale or search for luxury properties for sale in Palmdale.