flag This property
sold
for
$1,125,000 14 years ago.
294 Orlando Street
El Cajon,
CA 92021
"The Villas" Apartment Homes located in El Cajon and comprised of 10-spacious 2Bed/1Bath units and 1-large 3Bed/2.5Bath Townhome. The property is situated on a large lot of approximately 21,780 sq. ft. which provides a comfortable low dense environment with mature landscaping. There is ample on-site parking in the front with a common area grass backyard in the rear. An on-site laundry room is in the rear as a convenient common amenity for the tenants. All units have AC units, 2 parking spaces per unit & individual security gates. Additionally, all bottom level units enjoy large private patios in the rear separated by newly installed quality wood fencing. Built in 1979, the property has been well maintained by long term current ownership. Upgrades to modernize curb appeal have been done and unit turnovers have undergone upgrades / replacements as necessary. Current rents are significantly under market and immediate upside in cashflow exists through more aggressive management.
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Listing Agent: Matt Robinson | Office: Acre Investment Real Estate
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