Description
This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. Amenities: BBQ Exterior: ,,
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. Amenities: BBQ Exterior: ,,
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T15:32:14.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.