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$1,587,500
Est. payment /mo
8 Beds
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID NDP2509673
Bedrooms 8
Lot Size 0.295 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to offer for sale the opportunity to acquire the Meadowlake Apartment Homes, an 4 unit apartment community in Vista CA. The 4 plex consists of all large 1,116sq.ft. Two Bedroom/Two Bath units. Each apartment home has a garage, an additional dedicated parking space, and back patio. Some of the units have been fully renovated and have achieved market rent. The others are poised for rehabilitation for value-add or keep as they are with continued rent growth. These feel like small homes rather than apartments. Draught resistant landscape keeps the expenses low. Laundry room provides additional income as well. High cashflow property in an excellent location! High Cap Rate & Low Price per sq.ft! (1037-43 Meadowlake Dr. - Adjacent 4 plex for sale as well - Selling together)
Location
State CA
County San Diego
Direction Google Maps
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 1760303100
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Dave Plutner DP Properties
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