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Listed by Dave Plutner • DP Properties
$ 1,587,500
Est. payment | /mo
0.3 Acres Lot
$ 1,587,500
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRNDP2509673
Year Built 1968
Lot Size 0.295 Acres
Property Sub-Type Fourplex
Source California Regional MLS
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
Area 92084 - Vista
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Sewer TBD
Others
Tax ID 1760303100
Special Listing Condition Not Applicable
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Ben Dodge
REALTOR® | Lic# DRE 01959374