1096 North Mollison Avenue
$10,764,000
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Description
Portfolio sale Seller may consider individual offers but prefers to sell as a portfolio. Property to be sold with 964-980 Merritt Drive & 986 Merritt Drive (With the option to buy additional properties at 1012-1014 N 1st, 1022-1024 N 1st, 504-506 Ann Street, 1064 E. Madison, and 898 Valley Village). Marketing package and details attached. We are proud presents the Colonial Gardens Apartments, a spacious apartment in El Cajon, California. The Colonial Gardens Apartments offers several amenities to...Portfolio sale Seller may consider individual offers but prefers to sell as a portfolio. Property to be sold with 964-980 Merritt Drive & 986 Merritt Drive (With the option to buy additional properties at 1012-1014 N 1st, 1022-1024 N 1st, 504-506 Ann Street, 1064 E. Madison, and 898 Valley Village). Marketing package and details attached. We are proud presents the Colonial Gardens Apartments, a spacious apartment in El Cajon, California. The Colonial Gardens Apartments offers several amenities to its residents. The property is secured with controlled access and has a charming courtyard-style community. There is an attractive Fannie Mae loan on this property that can be assumed. The interest rate is 3.32%, fully amortized over 30 years, and due in 2027. The current balance on the loan is $4,849,963. With current interest rates averaging 6% or higher, the assumption of the existing loan creates a desirable return on investment. The property also includes a BBQ area and on-site laundry facilities. The owner has instituted a utility billing system allowing the tenants to pay for electricity, gas, water, sewer, and trash. One of the major advantages of this apartment is that it comes with off-street parking, which is a huge convenience in a busy location. The apartment itself has newer energy-efficient air conditioning, which means that the resident can enjoy a comfortable living space while also keeping their energy bills low. Additionally, the apartment has been recently painted and is in very clean condition.
- Listed by Craig Stewart • DRE #01060001 • Acre Investment Real Estate
Property Details for 1096 North Mollison Avenue
City Postal ID
EL CAJON (92021)
LISTING UPDATED: 02/16/2024 10:50 AM
Property Details for 1096 North Mollison Avenue
Status | Active |
---|---|
MLS # | 240001790 |
Days on Market | 333 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial-Res Income / Apartment |
Year Built | - |
Lot Size | 1.20 AC / 52,272 SF |
County | San Diego County |
Building Information for 1096 North Mollison Avenue
Stories-Residences-Year Built-Building Size-Lot Size1.20 AC / 52,272 SF
Property Information for 1096 North Mollison Avenue
Property History for 1096 North Mollison Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1096 North Mollison Avenue
Taxable ValueLand$2,760,907Additions$3,011,899Total$5,772,806
Tax Record2024$88,200 ($7,350 / month)
Home Facts
Total Finished SqFt24,778 SqFtAbove Grade Finished SqFt24,778 SqFtLot Size50,965 SqFtStyleMulti-Family Res (5+ Units)Year Built1977ZoningR-4:MULTIPLECountySAN DIEGOAPN483-181-31-00
Schools near 1096 North Mollison Avenue
This home is within Cajon Valley Union School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Magnolia Elementary School PublicK to 5 | ||
Greenfield Middle School Public6 to 8 | ||
El Cajon Valley High School Public9 to 12 | ||
Helix High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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