The property is a 3 unit triplex in a quiet South Escondido neighborhood. All three units have 2 bedrooms and 1 bath and a 2 car garage. The property has a cash on cash cap rate of 4.1% and a projected cap rate of 5.0%. The property is approximately 5 minutes from I-15 and a few additional minutes to Freeway 78. It is also close to downtown Escondido and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.
