This is a fantastic opportunity to purchase a low maintenance 4 unit property with many upgrades located in the Old Escondido neighborhood of Escondido with a strong in-place cap rate of 5.86%
The front unit is a 3bdrm/1bthrm house with a new kitchen w/ granite, etc, there are two(2) 2bdrm/1bthrm units (one of which was completely remodeled in the rear and one (1) 1bdrm/1bthrm unit with a newer kitchen and a small private fenced yard. There are two (2) single-car garages and an onsite laundry room.
Contact agent listing for a complete offering memorandum - please do not disturb tenants. This property is being sold to close in conjunction with the 2-unit property located at 627-629 W. 6th Avenue in Escondido with the purpose of timing a 1031 exchange (this is not a contingency). The two properties can be sold separately or together.
