909 S Sunshine Ave
- High 5.5%+ Cap Rate on Actuals
- 100% 2 Bedroom Units
- Extensive Renovations in the past 11 years
- Recent Exterior Paint & Landscape Upgrades
- Sparkling Pool &
- Onsite Laundry Facilities
- Gated Entrance + 34 Parking Spaces
- 40,000 Square Foot Lot
Property Description
DP Properties & Century 21 Masters are pleased to offer the Southwinds Apartments investment opportunity located at 909 S. Sunshine Ave in El Cajon, CA. The Southwinds are 100% 2 Bedroom/1 Bath units which bodes well for the El Cajon marketplace. Fully renovated in 2015, the property has been well maintained by the current ownership. This is a perfect opportunity for a buyer looking for a stable long term apartment investment in a strong location. Each unit has either an upstairs balcony or a downstairs large enclosed patio/yard. The property has a gated entry and a large parking lot comprising approximately 34 on-site parking spaces. The residents enjoy a beautifully maintained, sparkling swimming pool that serves as the centerpiece of the community.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,300,000 |
| No. of Units: | 22 |
| Average Occupancy: | 5.53 |
| Year Built: | 1977 |
| Lot Size: | 0.92 Acres |
| Opportunity Zone: | No |
| Price per unit: | $286,364 |
| Property Website | Click Here |
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