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The Grand Avenue 2-unit Buy and Hold project was purchased in 2011 by ACI. There is 1- 2 bedroom/2 bath unit and 1- 1 bedroom/1 bath unit with large patio/decks for each unit and plenty of yard for pets with a perimeter fence for additional security. The property is well located only blocks from the restaurants/pubs, art galleries, and boutiques of Escondido’s historic Grand Avenue. ACI acquired this apartment building in distress; the units were original and there was deferred maintenance on the exterior and interior of the building. ACI replaced most of the wood on the exterior, windows, doors, paint, and landscaped the exterior. After a full reposition, ACI was able to achieve an infinite Return on Investment; all investment capital has been returned and the property is providing a solid monthly cash flow. ACI is proud to raise the living standards for its tenants, improve the neighborhood appearance and raise values on Grand Avenue, and be a part of the revitalization of Escondido’s Historic Grand Avenue.
