360 N. 1st Street – El Cajon

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In the heart of El Cajon lies the Heritage apartment community A treasured asset consisting of 56 high quality condo-like 2 and 3 bedroom units all with 2 baths This family-friendly property decreases turnover because families tend to stay longer in multi-bedroom apartment homes Select units have patios balconies and vaulted ceilingsLiving in an apartment within the Heritage community includes many desirable amenities in-unit washer and dryers central air granite countertops stainless steel appliances including dishwasher and dual pane windows The entire property was renovated down to the studs in 2009 giving this property a new modern up-to-date feel In the central courtyard you will find a re-plastered pool and a bbq area for families and residents to enjoy the outdoors The entire property is gated and includes 90 parking spaces Within walking distance is El Cajon High school and Wells Park Sprouts Walgreens IHOP Starbucks WalMart The Grocery outlet Baskin Robbins Wells Fargo Bank of the West Union bank and many other retailers are just a few blocks away Opportunities like this are rarely available and when they are they go quickly To make things even more enticing there is an assumable loan at the incredible rate of 375 These beautiful units have plenty of room for growth Raising rents to market level will give the new investor an even greater return Or the new owner could consider converting the property to condos There are many ways to add value to this property that is already an investors dream.