Listing provided courtesy of Eric Comer of Eric D. Comer, Broker. Last updated 2024-11-15 10:21:35.000000. Listing information © 2024 Sandicor.
Asking Price: $22,000,000
343 Autumn, San Marcos CA 92069
Community: North County
This Com-Res Income property was built in and is priced at $22,000,000. Please see the additional details below.
CALL FOR OFFERS on Thursday, October 10th! We are proud to present the opportunity to acquire Mission View Apartments, a 57-unit apartment community in San Marcos, California. Built in 1988, the subject is a well-maintained, garden-style community with 57 apartment homes. Mission View Apartments consists entirely of two-bedroom floor plans (except one 1bd/1.5ba) with community amenities including common laundry facilities and a leasing office. The property has abundant on-site parking with 127 total spaces including 57 carport spaces. Mission View Apartments offers very attractive assumable financing. The property comes with an assumable Fannie Mae interest-only loan at a fixed rate of 4.89% until July 2032. Given that current interest rates are significantly higher, this financing option allows a buyer to improve their cash-on-cash return both in the short term and long term. To download the OM or get access to due diligence information, please visit www.missionviewapts.com
