343 Autumn , San Marcos, CA 92069
San Marcos, CA 92069
Description
We are proud to present the opportunity to acquire Mission View Apartments, a 57-unit apartment community in San Marcos, California. Built in 1988, the subject is a well-maintained, garden-style community with 57 apartment homes. Mission View Apartments consists entirely of two-bedroom floor plans (except one 1bd/1.5ba) with community amenities including common laundry facilities and a leasing office. The property has abundant on-site parking with 127 total spaces including 57 carport spaces. Mission View Apartments offers very attractive assumable financing. The property comes with an assumable Fannie Mae interest-only loan at a fixed rate of 4.89% until July 2032. Given that current interest rates are significantly higher, this financing option allows a buyer to improve their cash-on-cash return both in the short term and long term. To download the OM or get access to due diligence information, please visit www.missionviewapts.com
Details
| MLS# | 240020535SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 13 |
| Listing Provided By | Eric D. Comer, Broker 858-509-1200 | Eric Comer |
Features
| Car Port | Yes |
|---|---|
| Units | 57 |
| Building(s) | 1 |
| Acreage | 2.24 |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Marcos |
| Zip Code | 92069 |
| Area | 92069 San Marcos |
| Listing VS Median (in 92069) | |
Price: $22,000,000 low | high Med: $447,500 On Site: 13 low | high Med: 61.500000 | |