Current 5.3% CAP rate with management in place! Pleased to present for sale a student rental just a stone's throw to San Diego State University. This fully remodeled 5bed/2bath home and 3bed/1ba ADU to two student groups for a combined $8,700/month through July 2023. Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired. They expect to prelease for the 23-24 school year in coming months at $9,000+ per month (5.6% CAP rate!). Excellent Turn-Key return for an investor! Sewer: Sewer Connected Topography: LL
Bedrooms
5
Bathrooms
2
Square Feet
1,668
Year Built
1949
Property Type
Single Family Residence
Days on Market
37
HOA Fee
N/A
Garage Total
0
MLS #
220024618SD
Appliances
Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker
Laundry
Electric Dryer Hookup, Gas Dryer Hookup, Inside
Heating
Natural Gas
Fencing
Wood
Construction
Stucco
Roof
Asphalt, Shingle
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Based on price, location, and features
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