EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that… Read More house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Lot Size
0.12 Acres
Year Built
1949
MLS Number
NDP2408975
30 Days Snapshot Of 92102
$
-36%
(avg) sold price
8
-27%
homes sold
56
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1949, Building area total: 2,159, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Park
Expenses
Insurance expense: $152, New taxes expense: $843, Operating expense: $11,718
Income
Gross income: $83,148, Net operating income: $71,429
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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