1140 & 1146 Lexington Ave, El Cajon, CA 92019

$3,950,000
List Price
$3,950,000
Status
ACTIVE
MLS#
240015800
Lot Size(Range)
.25 through .50 Acres
Lot Size(apprx.)
13,900
Property Type
Multifamily

Property Description

12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.

Additional Information

Lot Size
13,900
Lot Size Range
.25 through .50 Acres
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Thomas McCartin (858-373-3100) from Listing Office: Marcus & Millichap.

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