Description
**Rare Multifamily Development Opportunity - Fully Approved 8-Unit Apartment Project!** A rare opportunity for developers and investors to secure a vacant lot with plans and approvals already in place for an 8-unit apartment complex. One of this property's most significant advantages is its unique sewer elevation positioning, reportedly making this the last remaining opportunity in the area to develop a multifamily building of this type. This distinctive infrastructure advantage makes the property an especially compelling opportunity for those looking to capitalize on limited multifamily development potential. Save valuable time and move closer to construction with plans and drawings already completed and approvals in place, potentially eliminating up to two years of planning and approval work. The proposed project offers the potential for eight rental units, each projected to command approximately $2,200 per month, representing a combined potential rental income of $17,600 per month at full occupancy. Opportunities to acquire a development site with this level of preparation and potential are increasingly difficult to find. Whether you're an experienced investor or a developer looking for your next project, this property offers a unique opportunity to move forward with much of the groundwork already completed. **Plans and drawings are available under the Supplements tab.** Contact us today for additional information and take a closer look at this exceptional multifamily development opportunity!
Details
| MLS # | IV26222937 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 9 |
| Listing Provided By | KELLER WILLIAMS REALTY | BARRY GOODRICH |
Features
| Zoning | r |
|---|---|
| Acreage | 0.58 |
| Property View | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Victorville |
| Zip Code | 92395 |
| Area | VIC Victorville |
| Listing VS Median (in 92395) | |
Price: $399,000 low | high Med: $409,000 On site: 9 low | high Med: 259 | |
Market Activity 92395
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Victorville |
| Zip Code | 92395 |
| Area | VIC Victorville |
| Listing VS Median (in 92395) | |
Price: $399,000 low | high Med: $409,000 On site: 9 low | high Med: 259 | |
