222 Lincoln Ave

    El Cajon, CA 92020
    • $2,850,000
    • STATUS: ACTIVE
    • ON SITE: 38 days
    • ID#: 190056386
    UPDATED: 59 min ago
    $2,850,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    222 S Lincoln Avenue is 11 unit building centrally located in the heart of El Cajon. The units are very quiet and set back from the street on a large lot. There are 18 off street parking. Most of the units were recently remodeled with new kitchens, bathrooms, travertine floors, new paint, new stainless steel appliances, carpet, exterior paint and new roof. The property presents itself for a long term investment with room to increase income. The financial information is attached under the documents.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/99923379

    222 Lincoln Ave El Cajon, CA 92020

    • Price: $2,850,000
    • Status: ACTIVE
    • Updated: 59 min ago
    • ID#: 190056386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    222 S Lincoln Avenue is 11 unit building centrally located in the heart of El Cajon. The units are very quiet and set back from the street on a large lot. There are 18 off street parking. Most of the units were recently remodeled with new kitchens, bathrooms, travertine floors, new paint, new stainless steel appliances, carpet, exterior paint and new roof. The property presents itself for a long term investment with room to increase income. The financial information is attached under the documents.
    Exterior Features

    Construction DrywallFrameStucco Exterior Fully LandscapedWood Fence Parking Spaces

    Interior Features

    Cooling Wall/Window Floor Coverings TileWall To Wall Carpet Floors Slab Heating Wall Laundry Leased Sq Ft Of Improvement 9328 Stories 2 Story Units With Dishwashers 11 Units With Disposals 11 Units With Drapes 11 Units With Ranges 11 Units With Refrigerators 11

    Property Features

    Actual Gross Scheduled Income 200220 Actual Operating Expense 71326 Assumable Finance 1420000 Buildings 1 Complex Features None Existing Financing Conventional Financial Information Source Owner Gross Equity 1430000 Gross Multiplier 14.23 Have 11 Units Mandatory Remarks None Known Market Area East County Monthly Rent Total 16435 Motive Want Sell Other Income Amount 250 Other Income Source Laundry Short Sale No Sq Ft Source Tax Record Terms Assumable 1StCashCash To Existing Loan Unit Type Apartment Zoning R-3

    Listing provided courtesy of Tayyar C. Egilmez. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101