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Douglas Anderson

d.andersonrealtysd@gmail.com +1(509) 216-3420

$ 3,095,000

Est. payment | -/mo

14 Beds

8 Baths

6,748 Sqft Lot

Save Virtual Tour

$ 3,095,000

Est. payment | -/mo

Save Virtual Tour

14 Beds

8 Baths

6,748 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision College Estates(1260)

MLS Listing ID 260022437

Bedrooms 14

Full Baths 8

Year Built 2023

Lot Size 6,748 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

6% CAP rate WITH MANAGEMENT in place! TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. Extremely rare for properties this close to campus to become available for sale.

Location

State CA

County San Diego

Area Metro Uptown

Interior

Fireplace No

Exterior

Fence Other/Remarks

View Y/N No

Roof Type Other/Remarks

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4661501100

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/snd/260022437

Listed by Alexio Barbara, DRE#01992393 Bridgepoint Realty Inc
Co-listed byAdrian Gonzalez-Pureco • Bridgepoint Realty Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 216-3420

d.andersonrealtysd@gmail.com

4440 Twain Ave. #326, San Diego, California 92120, USA

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5505 Mary Lane Dr San Diego, CA 92115