1037 Meadowlake Drive, Vista, CA 92084
  • MLS#: NDP2509675 ( Multi Family )
  • Street Address: 1037 Meadowlake Drive
  • Viewed: 5
  • Price: $3,175,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: SAN DIEGO
  • City: Vista
  • Zipcode: 92084
  • Provided by: DP Properties
  • Contact: Dave Dave
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to offer for sale the opportunity to acquire the Meadowlake Apartment Homes, an 8 unit apartment community in Vista CA. Built on 2 parcels, each 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. Three (3) of the units have been fully renovated and have achieved market rent. The other five (5) units 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!
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Features
Additional Parcels Description
  1. 1760303100
Advertisingexpense
  1. 0.00
Building Area Total
  1. 8928.00
Building Name
  1. Meadowlake Apartment Homes
Insurance Expense
  1. 6000.00
Laundry Features
  1. Common Area
Netoperatingincome
  1. 169886.00
Parcel Number
  1. 1760303000
Property Type
  1. Multi Family
Totalexpenses
  1. 78863.00
Totalmonthlyrent
  1. 21164
Trash Expense
  1. 2663.00
Uncovered Spaces
  1. 8.00
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/crmls/NDP2509675
Year Built
  1. 1968
Zoning
  1. R-3