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$3,195,000
Est. payment /mo
14 Beds
8 Baths
6,748 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision College Estates(1260)
MLS Listing ID 260022437
Bedrooms 14
Full Baths 8
Year Built 2023
Lot Size 6,748 Sqft
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Offered at a 5.8% CAP rate WITH MANAGEMENT in place! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. Extremely rare for properties this close to campus to become available for sale.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4661501100
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Alexio Barbara, DRE#01992393 Bridgepoint Realty Inc
Co-listed byAdrian Gonzalez-Pureco • Bridgepoint Realty Inc
Co-listed byAdrian Gonzalez-Pureco • Bridgepoint Realty Inc
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