Average square foot calculated using Size range provided by listing agent.
Description
Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.Show Description
MLS® NumberSW24166114
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.0861
Exterior
GarageNo
Approx. Age1913
Basement
Driveway
Garage Spaces
HeatElectric
A/CNone
Heating Fuel
Extras
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