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    Address Not Available By Request

    El Cajon, CA 92021
    • $1,579,000
    • STATUS: ACTIVE
    • ON SITE: 41 days
    • ID#: 200043835
    Price Reduced
    $1,579,000
    • 8
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Rare opportunity to own 100% renovated apartment complex making great money. This deal offers new owner an investment that requires very little maintenance and is easy to self manage. New flooring, Quartz counters, new AC units, stainless appliances, owned laundry, pleant of parking. This property is 5% cap rate and in this condition is unmatched by anything in the whole county.

    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/109840174
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    Address Not Available By Request El Cajon, CA 92021

    • Price: $1,579,000
    • Status: ACTIVE
    • ID#: 200043835
    8
    Beds
    4
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92021)
    County:
    San Diego
    Area:
    El Cajon (92021)
    Property Description
    Rare opportunity to own 100% renovated apartment complex making great money. This deal offers new owner an investment that requires very little maintenance and is easy to self manage. New flooring, Quartz counters, new AC units, stainless appliances, owned laundry, pleant of parking. This property is 5% cap rate and in this condition is unmatched by anything in the whole county.
    Exterior Features

    Construction DrywallFrameStucco Exterior None Parking Rv ParkingSpaces Roof Other/Remarks

    Interior Features

    Cooling Central Forced Air Elec Floor Coverings Other/Remarks Floors Other/Remarks Heating Other/Remarks Laundry Owned Sq Ft Of Improvement 5000

    Property Features

    Actual Cap Rate 5.2 Actual Gross Scheduled Income 114600.0 Actual Operating Expense 24000 Assumable Finance 822000 Complex Features None Existing Financing Other/Remarks Financial Information Source Other/Remarks Gross Equity 600000 Gross Multiplier 13 Have Good Stuff Mandatory Remarks None Known Market Area East County Monthly Rent Total 9550 Motive Want More Other Income Amount inc Other Income Source Laundry Short Sale No Unit Number1 1 Unit Number2 1 Unit Number3 3 Unit Rent Total1 2750 Unit Rent Total2 1700 Unit Rent Total3 4950 Unit Rent1 2750 Unit Rent2 1700 Unit Rent3 1650

    Listing provided courtesy of Don Swanson, Real Estate. Listing information © 2020 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101