Commercial-res IncomeFor Sale Price $4,500,000 120 Ballantyne St, El C
120 Ballantyne St, El Cajon, California 92020
Ballantyne Condominiums is a newly built mixed-use complex located in the middle of downtown in walking distance to The Magnolia entertainment venue & bustling restaurants &stores. The subject property consists of four (4) large two-bedroom, two and a half bathroom units, two (2) one-bedroom w/ study, one and a half bathroom units, two (2) one-bedroom, one and a half bath units and 2 retail spaces on the bottom floor. Each unit features washer and dryers, HVAC systems, and on-site gated covered parking. This property is fully leased withevery tenant on a month-to-month lease which allows opportunity for immediate increases. This asset offers a turn-key investment positioned to benefit from the high growth of the EastCounty Submarket overall. The property offers the new owner the opportunity to finalize an HOA and selling each unit individually. Rare newer construction offers low maintenance cost.