Updated Oct 29, 2024
Wisconsin EP, LLC Acquires 22-Unit Multifamily Property In El Cajon For $5.8M
299 Wisconsin Ave El Cajon, CA 92020, USA
$5,775,000
Units
22
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
Benn Vogelsang of Northmarq arranged the sale of a 22-unit apartment building in El Cajon for $5,775,000. The property is located at 299 Wisconsin Avenue in downtown El Cajon and offers two- and three-bedroom units. Amenities include onsite laundry, storage space, and assigned parking.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,775,000
- Address: 299 Wisconsin Avenue
- Market: El Cajon
Wisconsin Apartments, LLC sold the property to Wisconsin EP, LLC. Benn Vogelsang of Northmarq represented both the buyer and seller in the deal.
On the Map
$5,775,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93