Please contact Le Investment Group for full offering memorandum. Drive by only please do not disturb the tenants. Thank you. Offering an actual CAP Rate of 6.57% With a ProForma CAP Rate of 7.01%. ProForma. Offering an actual GRM of 9.95, With a ProForma GRM of 9.30. Located blocks from Desert Valley Hospital and Victor Valley College. The First Avenue Apartments are located at the major cross streets of Bear Valley Road and Hesperia Road. This ten unit apartment community is composed of all 1 bedroom / 1 bath units that are approximately 525 sqft. The tenants are awarded with onsite parking and a laundry facility. The owner has renovated five units (~$4,000 each) to include new doors, flooring, paint, cabinets, granite countertops (unit 7), A/C units and water heater (unit 5). The First Avenue Apartments are located just minutes from Desert Valley Hospital which is one of the top accredited hospitals in the nation. The centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. The property is blocks away from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis.