BurkeRealEstateConsultants,Inc
Rich Kushner, BurkeRealEstateConsultants,IncPhone: (858) 405-5270
Email: [email protected]

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listing
1 of 15
MultifamilyFor Sale
$1,850,000
841 4th Ave
Escondido, CA 92025
Listing Provided Courtesy of Francis Taylor Properties
MLS: San Diego Multiple Listing Service (SDMLS)
15,185Sq Ft
Est. Mortgage
$9,649/mo

Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 4.9%!Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 4.9%!

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Listing Courtesy of Francis Taylor Properties. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 04/29/2024 01:35 AM
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