0.55 acres | #SR25013563
Description
Incredible Potential! Charming Oasis in the quaint town of Vista. Low rents, Immediate Upside. PLEASE NOTE THAT THE RENTS ARE DUE TO BE RAISED $100.00 FOR EACH UNIT (CALL AGENT FOR DETAILS). AT THE NEW RENT SCHEDULE, THE NEW SGI IS $113,220, NEW GRM IS 14.26, NEW CAP RATE IS 4.23 (SELF MANAGED). Large Lot. Possible future development or ADU addition (Buyer to check with the City of Vista to verify). Ample parking, six carports, numerous additional areas to park on the lot. Double pane windows, new laminate flooring, laundry room. Pitched roof. Partial Copper plumbing. Low density single story ranch style structure. Numerous trees and greenery. Buyer to cooperate with Seller’s 1031 Tax Deferred Exchange at no additional cost or liability to Buyer.
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Utility FeaturesSewerConnected
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$1,625,000
- MLS #SR25013563
- MLS #SR25013563
- CountySan Diego
- Property SubtypeApartment
- Cost1625000
- Utility SourcePublic
- SubdivisionVista
- Acres0.55
- Year Built1948
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Richard Karzen (#F210075192)
Listing Office: RE/MAX One (#F3188007)
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