Property listed by Sundae Funding, Inc., Taylor Ryan 424-207-6002
$999,999
Income-Producing Duplex with Triplex Layout – 6.84% Cap at $1M Rare opportunity to acquire a cash-flowing property in central Escondido with a versatile 3-unit configuration. Technically a duplex, the property functions as a triplex: the front unit (222) is a spacious 3BD/2.5BA, while the rear structure (224) is divided… Read More into two fully independent 1BD/1BA units—each with its own kitchen and full bath. Current total rental income is $6,950/month ($83,400 annually). Projected cap rates: 6.84% at $1,000,000 | 6.21% at $1,100,000 | 5.70% at $1,200,000. Each unit is separately metered for SDG&E, with tenants paying their own gas and electric. Owner expenses are minimal, averaging approximately $500/month in total for water/trash for both units, and $500/month for professional property management of both units. Strong in-place income, flexible layout, and solid cap rate potential make this an excellent opportunity for investors seeking immediate cash flow in a high-demand rental market. Read Less
Listing Snapshot
Days Online
24
Last Updated
Year Built
1952
MLS Number
260004925SD
Additional Details
Building
Built in 1952, 2 buildings, 1 storey, Levels: One
Community
Park Name: None
Cooling
CentralAir
Fence
CrossFenced, Partial
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $83,400, Net Operating Income: $68,400
Roof
Composition
Taxes
Parcel Number: 2333620800, Zoning: R-1:Single
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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