204 Clark

Description

Clark Terraces Apartments is strategically located in the core business area of Escondido and walking distance to abundant retail. The highly renovated property is comprised of 20 units including 16 2bd/2ba units and four (4) 1bd/1ba units. Originally constructed in 1986, the subject features desirable architecture and quality construction including pitched roofs, central air conditioning, double sink vanities in the 2-bd/2ba units, full security complex with fencing and electronic gates and an ample parking ratio of two spaces per unit. Clark Terrace Apartments was extensively remodeled beginning in 2022 with a new roof, rebuilt decks, mostly new exterior windows, resurfaced parking lot and hardscape, new paint and drought tolerant landscaping. Interior renovations were completed in 13 of the 20 units at a cost of $50,000/ unit. With an impressive walk score of 94, the property is just one-block from Grape Day Park and Escondido's City Hall and Civic Center. The location is enhanced by the walkability to convenient retail including Northgate Market, Food 4 Less, Stater Bros Markets, Walgreen's and Starbucks to name a few. Residents have easy access to Interstate 15 and the 78 Freeway. This offering is perfect for the long term investor seeking a pride of ownership asset with low maintenance and a strong cash flow.

Listing information courtesy of: Eric Comer, Eric D. Comer, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.