1463 S 5th St Street,  El Centro  (92243)

$5,049,000

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PROPERTY DETAILS

Address: view address
El Centro, CA 92243
Map Location
Features: Air Conditioning
Year Built:2000Property Type:Com-Res Income
County:ImperialList Date:2020-08-13
Listing Number:200040763Virtual Tour:Click Here

MLS DESCRIPTION

6% Cap with upside to 7.5% Cap rate!!! What! Desert Gardens is a 54 unit multi-family property set across two contiguous parcels totalling just over 2 acres and nearly spanning a full city block in El Centro, CA. One parcel contains (1) 8 unit building and the other parcel contains the remaining 46 units set across 8 buildings. Built in 1953 and remodeled in 2018, Desert Gardens consists of (12) 1br-1ba, (39) 2br-1ba and (3) 3br-1ba units. There are 37 single car garages, 12 off-street spaces and ample street parking. Tenants enjoy spacious floorplans the majority of which have updated with new countertops, kitchen cabinets, and laminate flooring. Each unit has its own HVAC system and hot water heater. There is a community pool onsite and shared laundry rooms located in each building. Units are separately metered for gas and electric while each building is separately metered for water. Parcel 053-552-005-000 included in sale. 1463-1683 S 5th St. El Centro, CA






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PHOTO GALLERY

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Listing courtesy of: Apartment Consultants, Inc.