Description:
307-21 South Grape Street, in Escondido, CA. HOUSE and 4 UNITS! Main house: 1200 sq ft 3/2 Middle house:1000 sq ft 3/2 Back house: 1000 sq ft 2/1 Lg Studio/1 bed: 500 sq ft Studio 450 sq ft All detached houses and 2 studios! Rents $14,500.00 monthly. CAP rate 6%, Great income producing investment property. No expense spared on the complete remodel of each unit.In historic Escondido close to downtown Escondido, high rent area. Great 1031 exchange property! Financing available at 6.875% with 30% down.
