The three (3) unit apartment complex located at the corner of 204 East 2nd Street and B Avenue has been sold for $350,000. The subject property is comprised of one (1) 3bdr/1bath house and two (2) 1bdr/1bath units totaling approximately 2,450 rentable square feet on a 5,208 square foot corner lot.
The properties are well positioned to benefit from the many large shopping centers, nearby hospitals and retail stores the south bay and the greater San Diego community offers. In addition, low vacancy rates throughout San Diego County's south bay market will continue to put an upward pressure on both apartment demand and rental rates. James Carter of Apartment Realty Group (ARG) represented the seller, a local San Diego-based family trust in both transactions.
For more information, please contact us at (619) 222-9501, Info@ARG1031.com
Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. For more information you can visit us online at: www.ApartmentRealtyGroup.com