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Property 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

Additional Information
Eric D. Comer, Broker
0
SAND-625294
SAND-8042
Eric
2201307800

Commercial Sale For Sale

343 Autumn, San Marcos, California 92069

$22,000,000
Listing ID #240020535SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240020535SD
Price : $22,000,000
Country : US
State : California
County : San Diego
City : San Marcos
Zipcode : 92069
ModificationTimestamp : 2024-08-29 20:21:52
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