Invest In Your Future with These 4 Units
Request more photos!- Features
- Interior
GREAT INVESTMENT - Owners can move into one unit and rent the others or sit back and relax as your investment takes care of itself. This HOA is a self run HOA and the seller has been an active member. Until recently, fees were $375. They went up to allow for padding of the account. The HOA pays an on-site manager to oversee and attend to daily issues. The manager and the owners have worked diligently to provide a welcoming and happy living experience for all of the tenants on Lansing. Lansing Circle has been noted in some articles and speeches in the Escondido community as an example of a great neighborhood! Other apartment building owners and managers have been directed to it as an example of such! Don't miss out on a great opportunity. Fresh paint on the exterior of building. 2 new garage doors have been added. ***NOTE*** Cap Rate could be much higher if rents were raised to market value & what the others are rented for could give a Cap Rate of 5.9 as well!This is a 1031 exchange at no cost to Buyer. We ask that Buyer and Buyer's agents verify all in this MLS listing prior to close. We thank you for your interest and look forward to your call. Please do not disturb the tenatns. Just call me and we'll set it up!
- Neighborhood: Lansing Community - 4 Units
- Type: Multi-Unit Residential for Sale
- Parking/Garage: 1
- Bedrooms: 2
- Baths: 1
- Square Feet: 876
- Year Built: 1964
- Appliances
- Dining Room
- Family Room
- Laundry Room
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