5505 Mary Lane Dr, Talmadge/San Diego Central, CA 92115
- $3,195,000
- List Price
- $3,195,000
- Status
- ACTIVE
- MLS#
- 260022437SD
- Year Built
- 2023
- Lot Size
- 6,748
- Acres
- 0.15
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Offered at a 5.8% CAP rate WITH MANAGEMENT in place! 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.
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Additional Information
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $256,800
Listing courtesy of Listing Agent: Alexio Barbara (barbara@bridgepointmultifamily.com) from Listing Office: Bridgepoint Realty Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.