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The Mission 3-unit Buy and Hold project was purchased in 2010 by ACI. There are 3- 2 bedroom/1 bath units with 1 car garage and large patio/decks for each unit. The upper decks have views of the mountains in Escondido, and the units are very desirable. 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, replaced the roof, windows, doors, and landscaped the exterior. Unit C was completely remodeled and rents have been raised for all units. 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 improve the housing conditions for its tenants, improve the neighborhood appearance and raise values on Mission, and contribute to the solution of providing housing in San Diego County.
