11560 Sage St Active Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,895 sqft
Price per Sqft $215
MLS Listing ID 24-399019
Bedrooms 8
Year Built 1985
Lot Size 10,368 Sqft
Acres 0.238
Property Sub-Type Multi-Family
Property Description
HIGH CASH FLOW!!! 10.43% property that is $65,196 Rental Income / sale price of $625,000 4 Unit property AND also CAPITAL APPRECIATION upside: Las Vegas to San Bernardine BULLET Train ONLY 8.1 Miles Away: VictorVille Train Station. Economic Growth and Development: *Pro-business and Pro-growth Environment: Adelanto's city administration is actively working to attract businesses and promote development, leading to increased industrial jobs and construction projects. * * Attracting Industries: The city has attracted major retailers, home builders (like Frontier Communities and D.R. Horton), and even expressed interest from Tesla for supercharging stations. * * Cannabis Industry: Adelanto has seen significant development in the legal cannabis industry, generating revenue and contributing to the city's economic sustainability. * * Vacant Property Tax: The city is implementing a vacant property tax to encourage the productive use of vacant properties and increase housing and commercial/industrial development. * * Retail Development: New retail developments, like the Cactus Plaza and the planned Adelanto Town Center, are being developed, further boosting the local economy. * * Adelanto City Center: A 19-acre mixed-use project is planned, including retail, medical uses, office space, apartments, a hotel, and more. *Population and Housing Growth: *Population Growth: Adelanto is experiencing population growth, with a recent increase of 1.96% between 2021 and 2022. * * Construction of Homes: Due to the influx of jobs, there has been a surge in the construction of single-family homes. * * Housing Projects: Several housing projects are underway, including those by Frontier Communities and D.R. Horton. *Location and Infrastructure: *High Desert Location: Adelanto is located in the western portion of the High Desert, offering a unique environment and potential for development. * * Highway 395: The city's location along Highway 395 provides access to major transportation routes and facilitates development. * * Future Retail Developments: Future retail developments, such as the Adelanto Town Center, are planned on the corner of Highway 395 and Mojave Drive.
Location
State CA
County San Bernardino
Area Adelanto
Rooms
Other Rooms None
Interior
Heating Baseboard
Cooling Swamp Cooler(s)
Equipment None
Exterior
Parking Features Garage - 1 Car
Garage Spaces 4.0
Building
Level or Stories One
Others
Special Listing Condition Standard