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Key Details
Sold Price $773,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID 180059804
Year Built 1973
Lot Size 0.280 Acres
Property Description
Calling all investors! Rare opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a new 1st time investor. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. Two off street parking for each unit, added storage closets, and more! CAP NOT PROJECTED! This is a real 5.1 cap rate with full PM services. Calling all investors! Real opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a 1st time landlord. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. 2 assigned off street parking for each unit, added storage closets, and more! Pictures are from 2 years ago, because the vacancy rate is non existent. CAP NOT PROJECTED! This is a real 5.1 cap rate with full property management services. Neighborhoods: Las Alturas Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Unit # for Unit 4: 4 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92114 - Encanto
Building/Complex Name Blue Stone Property Management
Zoning R-3
Interior
Heating Natural Gas
Cooling None
Exterior
Fence Partial
Pool None
View Y/N No
View None
Roof Type Rolled/Hot Mop
Building
Story 2
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Jeffrey Discher • Canter Brokerage