***Incredible land opportunity in the ever expanding city of Victorville, CA. According to recent statistics the population of Victorville has increased 86% since 2000. This has created a huge need for affordable housing in the area. The parcel is zoned R-2 - Multi Family, allowing for 8 units per acre with the possibility of building up to 40 units. Located on the corner of 2nd Ave and Silica Rd the property is right in the center of Victorville and very close to one of the busiest commercial sectors. Not to mention the lot is just down the street from an elementary school as well as Desert Valley Hospital. Utilities are near-by and adjacent to the parcel. Being one of the few lots left in Victorville with a multi-family zoning this property is worth some major consideration, and could be used to generate lucrative cap rates.***
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.