343 Autumn, San Marcos, CA 92069 – 240020535SD - Tracy Baker

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 22,000,000

Est. payment | -/mo

2.24 Acres Lot

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$ 22,000,000

Est. payment | -/mo

Save Video Tour

2.24 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 240020535SD

HOA Y/N No

Lot Size 2.240 Acres

Property Description

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

Location

State CA

County San Diego

Area 92069 - San Marcos

Interior

Fireplace No

Exterior

Carport Spaces 57

Total Parking Spaces 127

Others

Tax ID 2201307800

Listed by Eric Comer • Eric D. Comer, Broker

+1(619) 507-4230

tracy@tracybbaker.com

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