Listed by Joe Carta Realty
$6,000,000
5050 Marlborough Dr. (-70)
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,370
Units 11
Buildings 3
Stories 2
Investment Type Value Add
Multifamily | 11 Units | $545,455/unit
Marketing description
Very favorable, assumable 1st td of $3,000,000 at 5% interest only payments for 8+ years, additionally, seller will carry a 2nd td with a reasonable down payment and at reasonable terms. Value add, legacy property, 'marlborough arms' is a unique vintage style 11 unit rental community located in kensington heights, one of the most vibrant rental districts in metro san diego. A once in a lifetime opportunity to acquire this landmark income property consisting of (six) 1 bed 1 bath apartments and (five) 2 bed 1 bath apartments plus add (9) studios currently under the city permit process, current yearly income is approximately $308,300, plus a common area laundry, situated on a 98x135 corner lot with an alley.
Investment highlights
- (6) 1 Bed 1 Bath Units
- (5) 2 Bed 1 Bath Units
- GSI= $326,940
- Common Area Laundry
- Professionally Landscaped
- Premium Corner Lot, North of Adams Ave
- Can ADD 9 New Studios
- https://mls.realtour.biz/slideshow/5064MarlboroughDr/SanDiego/CA
Listing Contacts
Listed by Joe Carta Realty
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