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$22,000,000
Est. payment /mo
UPDATED:
11/14/2024 09:01 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240020535
Acres 2.24
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 San Marcos (92069)
Exterior
Total Parking Spaces 127
Building
Story 2
Others
Space Rent $1,471,692
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Listed by Eric D Comer • Eric D. Comer, Broker
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Your mortgage payments over 30 years will add up to $0.
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