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Key Details
Sold Price $2,525,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 7,134 sqft
Price per Sqft $353
MLS Listing ID CRPTP2400251
Sold Date 04/03/24
HOA Y/N No
Year Built 1960
Property Description
Motivated Seller!! Take a look at this great investment opportunity. 9747 Riverview Ave in Lakeside, CA, presents a unique investment opportunity. This property is exceptionally well-maintained and offers investors the potential to add value in a thriving urban rental market. Notably, the area is experiencing ongoing investments, both public and private, which are enhancing its overall desirability and quality." Well-maintained 12-unit apartment complex consisting of approximately 7,134 rentable square feet situated on a 22,904 square foot lot. The unit mix consists of one 2 bed / 2 bath, three 2 bed / 1bath, eight 1 bed / 1 bath. On-site laundry facilities. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, This investment holds the potential for robust cash flow, offering the prospect of significant returns.  Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns. This is truly an incredible opportunity to acquire a well-maintained property with strong rental upside
Location
State CA
County San Diego
Area Listing
Zoning R-3:
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 3820711800
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Datashare Cr Don't DeleteDefault Agent