1424 N 1st Street
El Cajon, CA 92021
- – beds
- – baths
- – sqft
- 1940 build
- – on site
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3 on 1 Triplex property, High Cash Flow Potential! Must Sell! 3 houses on 1 property, very unusual cash flow income generator! High potential POSITIVE cash flow, even if financed! Investor special with 3 rental houses or live in 1 house & let the other 2 pay your mortgage! RV & boat parking. Gated rear lot with lots of potential storage (extra parking for a possible home based business, RV, boat, toy hauler, etc.) This is a MUST SEE, unusual INCOME GENERATOR with many possibilities. Updated! Updated! Updated! Huge list of updates & upgrades such as maple cabinets, quartz counter-tops, stainless steel appliances, maple laminate flooring, vinyl windows, new window coverings, designer 2-tone interior paint scheme, plus much more!!! Stunning Triplex has multiple extra income sources. Investor special with 3 Rental Houses, a separate garage and an extra gated lot (possibly add another home on it, check zoning). Traditional Sale, not an REO or SS, can close quickly! Projected gross rent: $4,885.00/mo. (with higher potential rents as well). Low expenses as tenants pay most items except water. County taxes include sewer bill. Possible 10% Cash-On-Cash return or higher. House A: 3/2+ Open Den $2,000 Projected Rent, House B: 1/1 $1,175 Projected Rent, House C: 1/1 $1,175 Projected Rent, Gated Lot for storage or ?: $300 Projected Rent (or possibly add addition house(s) for even more income from this property!!!), Detached 2+ Car Garage: $235 Projected Rent or higher. (Rental comps are available to substantiate the projected rents!!! These are not pie in the sky projections!), Property upgrades completed. This property has gone through a list of updates & upgrades so extensive (by the current owner and previous owner) the upgrades are too numerous to mention them all! Enclosed income numbers are projections, not actual numbers (have rental comps to share). BUYER TO VERIFY & CONFIRM ALL INFO, INCLUDING BUT NOT LIMITED TO PROPERTY SPECIFICATIONS, SQ FT, LOT SIZE & ALL PROJECTI...
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Last updated Apr 20, 2024
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MLS# 130033163 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/14/21
Jun 14, 2021
|
Listed / Active | CRMLS_CA | ||
|
1/20/21
Jan 20, 2021
|
CRMLS_CA | $751,000 | 0.1% | |
|
12/15/20
Dec 15, 2020
|
CRMLS_CA | $750,000 |