Plymouth Apartments 380 Plymouth Dr Immeuble residentiel 32 lots 10 287 478 € (321 484 €/Lot) Taux de capitalisation 4,40 % Vista, CA 92083

BridgePoint Realty, Inc is proud to present Plymouth Heights in VISTA , a truly one-of-a-kind apartment community built in 1986 with condo specs and spectacular foresight in site design and parking allotment. The 63,000 SF flag lot hosts 32 apartment units , 32 covered carports , and an additional 19 open parking spaces.
The current unit mix consists of (19) spacious two bedroom / two bath units , and (13) generously spacious one bedroom / one bath units. Considering the current rentable square footage of 750-950 SF per unit and availability for installation of in-unit washer dryers there is a tremendous amount of upside to capture for future investor.
Furthermore , this deal comes with very attractive private note financing : $7,300,000 assumable 1st trust deed with 10 years remaining on a fixed and interest only rate of 5%. INTEREST ONLY
Since its construction in 1986 the property has been meticulously maintained and cared for, which is evident by tenants who feel a sense of community and tend to stay long term. Recently, major systems upgrades include but are not limited to resealing of balconies and installation of new Roof underlayment and new tiles and the removal of a pool which saves a tremendous amount of water plus removes the liability for reduced insurance premiums.