Description
ASSUMABLE FINANCING AVAILABLE AT 4.63% FOR 5 MORE YEARS! Current loan amount is $1,480,000! You can buy this property for 35% down with positive leverage! Property is a 5.2% CAP on current income! The property has also permits to build 2 NEW CONSTRUCTION ADU's. Shovel ready. 337 N First St. is a six unit apartment complex the City of El Cajon. All units at this property have been renovated and the exterior has been upgraded with new paint and landscaping! The property sits on a 11,867 SF lot and has a total of 5,500 rentable square footage. The property has a favorable unit mix of all 2 BD 2 BA units. El Cajon is a growing market for multifamily and this investment will be a good addition to your portfolio!
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10BEDS
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0.27ACRES
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10BATHS
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01/2 BATHS
School Ratings & Info
Description
ASSUMABLE FINANCING AVAILABLE AT 4.63% FOR 5 MORE YEARS! Current loan amount is $1,480,000! You can buy this property for 35% down with positive leverage! Property is a 5.2% CAP on current income! The property has also permits to build 2 NEW CONSTRUCTION ADU's. Shovel ready. 337 N First St. is a six unit apartment complex the City of El Cajon. All units at this property have been renovated and the exterior has been upgraded with new paint and landscaping! The property sits on a 11,867 SF lot and has a total of 5,500 rentable square footage. The property has a favorable unit mix of all 2 BD 2 BA units. El Cajon is a growing market for multifamily and this investment will be a good addition to your portfolio!
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