1990 Cottonwood Circle, 1996, El Centro, CA 92243
$2,875,000
Property Type:
Commercial Sale
Square Footage:
18,444
Status:
Closed
Current Price:
$2,875,000
List Date:
6/27/2024
Last Modified:
11/20/2024
Description
A rare investment opportunity in El Centro! This is your opportunity to own a long time family owned 28-unit apartment complex with 7 buildings. The units range from 1 bedroom, 1 bath to 2 bedroom, 1 bath. The complex features charming courtyards and some covered carports. It is conveniently located near the Interstate 8 freeway onramp and Imperial Avenue, close to El Centro Regional Hospital and local schools. The property has long-term tenants with low turnover. Here's your chance to add to your portfolio or create generational wealth.
More Information MLS# 219113460
Listing, Location and Property Info
Entry Date: 2024-06-26
Unit #: 1996
General Property Information
Zoning: R-3
Approx SqFt: 18444
SqFt Source: Assessor
Lot Size: 20739
Year Built: 1977
Owner Pays
Insurance: 1
Sewer: 1
Taxes: 1
Water: 1
Business Type
Residential: 1
Tenant Pays
A/C: 1
Electric: 1
Expenses
Annual Resident Manager Expense: 3000
Annual Electric Expense: 2703
Annual Insurance Expense: 18000
Annual Maintenance Expense: 3000
Annual Professional Management Expense: 14622
Annual Trash Expense: 4239
Annual Water/Sewer Expense: 7392
Income
Effective Gross: 254064
Laundry Income: 2400
Utilities
Electricity Connected: 1
Sale Type
Standard: 1
Listing Terms
Standard Sale: 1
Financing
Submit: 1
Asset Class
Multi-Family: 1
Disclosures
Property As Is: 1
Land Use
Multi-Family: 1
Exterior Construction
Stucco: 1
Heating
Electric: 1
Laundry
Community: 1
Room: 1
Roofing
Shingle: 1
Water
Public: 1
Listing Location and Property Info
APN: 052334002000
Status: Closed
Listing Date: 2024-06-15
Original List Price: 3499990
Sold Price: $2,875,000
Current Price: $2,875,000
Property Sub-Type: Multi Family
Street #: 1990
Street Name: Cottonwood
Street Suffix: Circle
County: Imperial
State: CA
Zip Code: 92243
Area: ELCN - El Centro
Country: US
Status Change Info
Status Change Date: 2024-08-27
Pending Date: 2024-07-09
Closed Date: 2024-08-21
Closed Price: 2875000
Parking SpacesInformation
Total Carport Spaces: 14
Total Uncovered/Assigned Spaces: 20
Total Parking Spaces: 34
Property Features
Business Type: Residential
Sale Type: Standard
Financing: Submit
Listing Terms: Standard Sale
Owner Pays: Insurance; Sewer; Taxes; Water
Tenant Pays: A/C; Electric
Asset Class: Multi-Family
Land Use: Multi-Family
Exterior Construction: Stucco
Heating: Electric
Laundry: Community; Room
Roofing: Shingle
Water: Public
Utilities: Electricity Connected
Disclosures: Property As Is
Listing Office:
Prince & Associates Realtors
Listing Agent:
Sherry Cowie
Last Updated: November - 20 - 2024
Information deemed reliable but not guaranteed.
