Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the… Read More long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 6.0% cap rate. Pro forma income is $15,975/month, delivering a projected 6.7% cap rate at market rates with consistent rent increases. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand. Read Less
Listing Snapshot
Days Online
58
Last Updated
Property Type
Mixed Use
MLS Number
250025254SD
30 Days Snapshot Of 92104
$1.13M
+26%
(avg) sold price
10
-54%
homes sold
49
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5 buildings
Expenses
Operating expense: $52,170
Income
Net operating income: $119,915
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