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$1,548,000
Est. payment /mo
5,976 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260008464SD
HOA Y/N No
Year Built 1951
Lot Size 5,976 Sqft
Property Description
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.6 & 5.85% Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Location
State CA
County San Diego
Area 92105 - East San Diego
Building/Complex Name Furlow Heights
Zoning R-3:RESTRI
Interior
Heating Combination, Electric
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Tankless Water Heater
Exterior
Pool None
View Y/N Yes
View None
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4773410100
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
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Listed by Mark Revetta OnQu Realty #01248164
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