0.32 acres | #NDP2509672
Description
High CAP Rate! Low Price per Sq.Ft. 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 1,116 sq.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! (1045-51 Meadowlake Dr. - Adjacent 4 plex for sale as well - Selling together)
Property Details
- Lot DescriptionSprinklerSystem
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$1,587,500
- MLS #NDP2509672
- Property SubtypeQuadruplex
- MLS #NDP2509672
- CountySan Diego
- Cost1587500
- Acres0.3244
- Year Built1968
- Stories1
- Parking Spaces4
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: Dave Plutner (#124250)
Listing Office: DP Properties (#12620)
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