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$1,587,500
Est. payment /mo
8 Beds
4,464 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $355
MLS Listing ID CRNDP2509673
Bedrooms 8
HOA Y/N No
Year Built 1968
Lot Size 0.295 Acres
Acres 0.3
Property Sub-Type Quadruplex
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
Zoning R-3
Interior
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
Total Parking Spaces 8
Building
Lot Description Other
Sewer Other
New Construction No
Others
Tax ID 1760303100
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2509673
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Listed by Dave Plutner • DP Properties