We are pleased to exclusively present this SELLER FINANCE OPPORTUNITY of an eight unit apartment complex located at 33078-33082 Adelfa Street in the city of Lake Elsinore, California. Built in 1980, this property is situated on a 0.31 acre lot and has approximately 6,400 square feet of rentable space. The property is comprised of all two-bedroom/one-bath apartments with spacious kitchen and living areas, large bedrooms, a wood burning fireplace and a private fenced in yard (for select units). Currently, rents on the property are more than 15 percent below market. \r\n\r\nThe seller will carry back a $640,000 first trust deed with a $160,000 down payment. This creates an opportunity for an investor to leverage into a solid investment in a strong rental market without having to go through the process of applying and qualifying for a traditional loan.\r\n\r\nHIGHLIGHTS:\r\nSeller Finance Opportunity\r\n20% Down | 5% Interest | 20 Year Fixed\r\n12% Cash on Cash Return with Market Rents\r\nClean and Well Maintained Property\r\nSpacious Two-Bedroom Floorplans\r\nLocated in Quiet Residential Neighborhood Brokered And Advertised By: MARCUS & MILLICHAP Listing Agent: JOHN STEPHENS
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