27
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$3,095,000
Est. payment /mo
6,747 Sqft Lot
Price Dropped by $100K
5505 Mary Lane Dr San Diego, CA 92115
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260022437SD
HOA Y/N No
Year Built 2023
Lot Size 6,747 Sqft
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 92115 - San Diego
Building/Complex Name College Area
Interior
Cooling None
Fireplace No
Exterior
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
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 Bridgepoint Realty Inc #01992393
NEARBY SCHOOL & BUSINESS
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