We are pleased to offer Spring Gardens (the “Property”), a pristine rental community in Spring Valley, CA. The offering presents real estate investors with the opportunity to acquire a stabilized real estate asset with immediate rental upside that has been meticulously renovated and professionally managed. The property is being offered free and clear of debt encumbrances. The 27,978 square foot Property is comprised of five (5) two-bedroom / one-bathroom, eight (8)two-bedroom / two-bathroom, one (1) three-bedroom /one-bathroom, and fourteen (14) three-bedroom / two-bathroom units. The Property consists of a nicely landscaped setting spread out on a large lot totaling 41,817 square feet. Originally constructed in 1979, the Property was extensively renovated in 2016 and is well-maintained by the current owner. The renovation of the property consisted of both the exterior of the building and the interiors of the units. The exterior renovations include - paint, vinyl windows, and gated access with an intercom, which provides tenants with added convenience and security. The interiors were appointed with - new cabinets, granite countertops, fixtures, sinks, flooring, light fixtures, double-mirrored closets, window coverings, interior doors, and appliances including - refrigerators, ranges, and hoods. Each unit offers a washer and dryer, air-conditioning, window coverings, and either a balcony or patio. Select Units have storage closets on the patio or balcony.
Courtesy of Bill Anderson, Acre Investment Real Estate
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