1485 Elder Imperial Beach, CA 91932
IB Villas, constructed in 1976, consists of 38 apartment units. Situated on a large 1.03 acre lot in a high demand rental area, the property consists entirely of 1 Bedroom / 1 Bath units. Currently 100% Occupied with the following rents: 21 @ $1, 200 - 2 @ $1, 161 - 11 @ $1, 100 - 2 @ $1, 050 - and 2 @ $900. Level all the rents to $1, 200 and you have a 5% CAP rate deal. The property is well maintained and many recent improvements have been made. There is a large laundry room with 4 washers and 4 dryers for the tenants. Ample on-site parking (55 spaces). The property is located West of the I-5 on a quiet street in central Imperial Beach and just 13 blocks to the beach.
Interior Features Include:
Floor Type: Vinyl, Wall to Wall Carpet
Exterior Features Include:
Acreage: 1.0300 Acres
Other Features Include:No Information Available.
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