$1,050,000
$1,050,000
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SOLD DATE : 06/17/2024
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision South Escondido
MLS Listing ID 240010376SD
Sold Date 06/17/24
HOA Y/N No
Year Built 1948
Property Description
The property is a 3 unit triplex in a quiet South Escondido neighborhood. There are two1 bedroom 1 bath units and a 3 bedroom 1 bath unit. Each unit has a 1 car garage. The property has a cash on cash cap rate of 4.4% and a projected cap rate of 5.8%. It is approximately 5 minutes from I-15 and a few additional minutes to freeway 78. It is close to downtown Escondido, North County Mall, and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.
Location
State CA
County San Diego
Area 92025 - Escondido
Building/Complex Name NK
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
HOA Name None
Senior Community No
Tax ID 2360620600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Farid Khayamian • Bluxen, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "