(Undisclosed Address), El Cajon
El Cajon Home For Sale
Seller found his upleg and is MOTIVATED! We are proud to present Merritt Manor, an extremely well-maintained 18-unit apartment complex in one of the nicest areas of El Cajon. The subject property is close to schools, shopping, and transportation. There is an attractive Fannie Mae loan on this property that can be assumed. The interest rate is 3.32%, fully amortized over 30 years, and due in 2027. The current balance on the loan is $2,466,780. With current interest rates averaging 6% or higher, the assumption of the existing loan creates a desirable return on investment. Merritt Manor consists of eight separate one-story buildings, with each unit having private rear yards/patios. Each unit is separately metered for gas and electricity, with individual water heaters and gas appliances. The tenants reimburse the owner for all utilities, including water, sewer, and trash, through a RUBs system. The two front units have attached garages and washer/ dryer hookups, and all the buildings have newer roofs and paint. All the units have wall A/C units. The property has lush, mature trees and landscaping, with plenty of open space between the buildings. The property shows the overall pride of ownership. This property is perfect for a buyer looking for a turnkey investment with some upside in the rents.
Property Details
Additional Information
-
- City:
- El Cajon
-
- County:
- San Diego
-
- Zip:
- 92020
-
- MLS® #:
- 240001794SD
-
- Lot Size:
- 0.96
-
- HOA Dues:
- $
Price Change History for N/A, El Cajon, (MLS® #240001794SD)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $5,300,000 | $180,000 (3.28%) | |
| Price Reduced | $5,480,000 | $100,000 (1.79%) | |
| Price Reduced (from $5,940,000) | $5,580,000 | $360,000 (6.06%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 30th, 2024 at 10:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.