226 East Peck Street, Lake Elsinore, CA 92530
Residential property for sale
- Description
- Your chance to own a completely rehabbed 12 unit Apartment building right in the heart of Downtown Elsinore. 10 of the 12 units are Studios, however, thanks to being within walking distance of main-street the current owner has experienced no less than 10 units occupied for several months with periods of complete occupancy. The property has had almost every system substantially rehabbed including but not limited to: Electrical, Plumbing, Kitchens, Bathrooms, Stucco, Drywall, ADA access, Flooring, Foundation, and Roofing. Owner may be willing to carry at below industry-standard carry-back interest rates with a 50% down full price offer OR be willing to negotiate on price for and ALL-CASH offer. The property is professionally managed and has its own gated entrance and closed CCTV system. A great chance for somebody on a 1031 exchange looking to add some seller-carried leverage and maximize their mileage with their exchange funds. This is also an EXCELLENT investment opportunity for those who can appreciate the simplicity of having all major systems of an apartment building so new as well as those who remember three things. Location Location Location.
- Property Details
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Property Type: Multifamily Home Status: Available Price: $ 799,000 Buildings: 1 Added: 11/23/2013 - Note
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