Property Detail

Description

24 units totaling over 8400 square feet, with 22 out of 24 units currently rented. There is a 1/3-acre vacant lot at the back of the property( No utilites connected on vacant lot) with all 3 parcels the total land is 2.68 acres. All of this near the heart of downtown Fallbrook. The current cap rate is approximately 5.5%. Potential for additional income here and the possibilities are endless. There are two residential units on the property. A 3-bedroom 1 bath home and a 1 bedroom 1 bath home. Property has two ingress and egress entry points. One entry on North Brandon and one entry on East Mission Road. Shipping container is included in the sale with all of its contents. Shipping container has its own electric meter. Unit #12 is the leasing office, and all its contents are also included. 300 N. Brandon and 302 N. Brandon have seperate water meters and each unit is separately metered for electricity. Property sold as is, seen and unseen, ***please do not disturb tenants*** ***secondary ingress and egress access will be granted by easement through escrow*** ***Diana L Kressin is Agent and Seller*** ***Access to units will be granted only after accepted offer***