KW Commercial is pleased to present The Romero Apartments, a 5 unit apartment complex located in the heart of National City. The property was built in 1959 and completely remodeled in 2010 with a new roof, flooring and upgraded appliances in most units. It is comprised of 5 1 bed, 1 bath units totaling 2,300 rentable square feet. There is a small room that could easily be converted to a laundry room for a single washer and dryer, but is currently empty. There are 5 on-site parking spaces and ample off-site street parking.

Location Description:

Romero Apartments is located in the Southern San Diego neighborhood of National City and can be accessed from the Civic Center Drive exit 11a from I-5 Southbound or The Mile of Cars Way exit from I-5 Northbound. It is 3/4 of a block E of National City Blvd/West Ave intersection and on the N side of E 18th Street. It is 2 blocks South of Kimball Park and is situated among single family residences and convenient walking distance to shopping centers and local commerce along National City Blvd, including City Hall.

Highlights:

>> High Demand Rental Market With Consistent Low Vacancy Rates

>> Long-Term Pride of Ownership - Well Maintained

>> Upside Potential With Rent Increases

>> All Leases Are Month-To-Month

>> Currently, 100% Occupied With Long Term Tenants

>> New, High-Quality Asphalt Shingle Roof

>> All Units Separately Metered For Gas and Power

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Sales Info:

>> Cap rate: 4.81%

>> Commision split: 3.0%

>> NOI: $35100