110-118 W Heald Ave - Apartments FOR SALE
Lake Elsinore, CA 92530 |
110-118 W Heald Ave
Lake Elsinore, CA 92530
HIGHLIGHTS
- ProForma CAP Rate of 7.09% With a ProForma GRM of 8.91. Current CAP Rate of 5.64%. / ProForma CAP Rate is Based on Leveling Off Current Rents.
- Extremely attractive unit mix of Four (4) Studio Units, Six (6) One- Bedroom / One Bathroom Units, & Four (4) Two-Bedroom / One Bathroom Units.
- High annual occupancy location. Minutes from Downtown Lake Elsinore, Lake Park, & many major retailers.
- The property is 100% occupied & rental comparable illustrates a 100% occupancy area.
- Recent Interior Renovations / Onsite Social Areas / Secure & Gated Community / Within Walking Distance From Downtown Lake Elsinore
- Property is situated near major freeways such as Interstate 15, 74, & 215.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
7800
STORIES
1
YEAR BUILT
1958
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
374-173-002,374-173-003
