343 Autumn, San Marcos, CA 92069

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Residential IncomeFor Sale

$22,000,000

343 Autumn

San Marcos, CA 92069

Listing Provided Courtesy of Eric D. Comer, Broker

MLS: San Diego Multiple Listing Service (SDMLS)

Est. Mortgage

$113,660/mo

CALL FOR OFFERS on Thursday, October 10th! 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

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Listing Courtesy of Eric D. Comer, Broker. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 11/01/2024 03:13 PM

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