See all 10 photos
10 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,587,500
Est. payment /mo
8 Beds
0.32 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 NDP2509672
Bedrooms 8
Lot Size 0.324 Acres
Lot Dimensions 71x199
Property Sub-Type Res Income 2-4 Units
Property 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)
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
Senior Community No
Tax ID 1760303000
Acceptable Financing Conventional
Listing Terms Conventional
Read Less Info
Listed by Dave Plutner DP Properties