LuxuryEstate
Free for Android
Install

The version of your browser is no longer supported. Update it for a better experience.

6
€ 1,451,100

Luxury House for sale in San Diego, United States

249 m²

DO YOU LIKE IT?

Description

OPPORTUNITY: The in-place rents are far below market. A future buyer can increase revenue by bringing the rents closer to market. Current market rent is estimated to be $1,600 per month. The pro-forma cap rate is 4.7% and the pro-forma GRM is 15. PROPERTY DESCRIPTION: This is a very well located apartment project improved with six studio units in two separate structures. The project was built in 1958 and there are a total of six off-street parking spots. Five of the six apartments have been renovated. The non-renovated unit is clean and in good rentable condition. The units are easy to lease and the project seldom has vacancy. On average the units are 448 square feet each (totaling 2,685 square feet). The property has an on-site laundry room and a coin operated washer & dryer. The Landlord pays for water and the tenants pay all other utilities direct to the provider. 2021-04-19

500

Details

External size
798 m²
Size
249 m²
Published on
14 April 2021
Reference
NDP2103929

Find out more

DO YOU LIKE IT?