Listed by BRIDGEPOINT REALTY INC.
$2,995,000
6407-13 Richard St
Details
Property Type Multifamily
Sub Type Student Housing
Units 4
Beds 12
Cap Rate 5.57%
NOI $166,867
Year Built 2026
Buildings 4
Stories 2
Multifamily | 4 Units | $748,750/unit
Marketing description
TURN KEY 4-unit SDSU student rental property offered at a 5.9% CAP rate WITH MANAGEMENT in place! 6407-13 Richard St is comprised of (1) 5BR/3BA, (2) 4BR/2BA, and (1) 3BR/2BA - totalling 16beds/9baths and 4,410 sqft. 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%. This new construction property is expected to generate $20,200/month starting August 2026 rented on a year lease to students
Listing Contacts
Listed by BRIDGEPOINT REALTY INC.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,867.00
$13,905.58/mo
Valuation Metrics
0
DSCR
5.57%
Cap Rate
5.57%
ROI
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