Investment Overview
DP Properties & Century 21 Masters are pleased to offer the Southwinds Apartments investment opportunity located at 909 S. Sunshine Ave in El Cajon, CA.
The Southwinds are 100% 2 Bedroom/1 Bath units which bodes well for the El Cajon marketplace. Fully renovated in 2015, the property has been well maintained by the current ownership.
This is a perfect opportunity for a buyer looking for a stable long term apartment investment in a strong location. Each unit has either an upstairs balcony or a downstairs large enclosed patio/yard.
The property has a gated entry and a large parking lot comprising approximately 34 on-site parking spaces. The residents enjoy a beautifully maintained, sparkling swimming pool that serves as the centerpiece of the community.
Investment Highlights
- High 5.5%+ Cap Rate on Actuals
- 100% 2 Bedroom Units
- Extensive Renovations in the past 11 years
- Recent Exterior Paint & Landscape Upgrades
- Sparkling Pool &
- Onsite Laundry Facilities
- Gated Entrance + 34 Parking Spaces
- 40,000 Square Foot Lot