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Listed by Dave Plutner • DP Properties
$ 1,587,500
Est. payment /mo
Active
1037 Meadowlake Drive Vista, CA 92084
4,464 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $355
MLS Listing ID 8N-2509672
Year Built 1968
Lot Size 0.324 Acres
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
High CAP Rate! Low Price per Sq.Ft. We are pleased to offer for sale the opportunity to acquire the Meadowlake Apartment Homes, an 4 unit apartment community in Vista CA. The 4 plex consists of all large 1,116 sq.ft. Two Bedroom/Two Bath units. Each apartment home has a garage, an additional dedicated parking space, and back patio. Some of the units have been fully renovated and have achieved market rent. The others are poised for rehabilitation for value-add or keep as they are with continued rent growth. These feel like small homes rather than apartments. Draught resistant landscape keeps the expenses low. Laundry room provides additional income as well. High cashflow property in an excellent location! (1045-51 Meadowlake Dr. - Adjacent 4 plex for sale as well - Selling together)
Location
State CA
County San Diego
Area 92084 - Vista
Zoning R-3
Interior
Laundry Common Area
Exterior
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
Building
Lot Description Sprinkler System
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2509672
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944