Voak Homes
Listed by Voak Homes
$2,600,000
3675-3677 Marlborough Ave
Details
APN 454-172-05-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,400
Units 7
Buildings 4
Stories 2
Acreage 0.160
Zoning R-2:MINOR
Parking Spaces 5 spaces
Parking Per SqFt 0.93
Multifamily | 7 Units
Marketing description
5.6% Cap Rate!!! Mostly new construction! Tenants pay all utilities! Front single story unit taken down to the studs and rebuilt. 3 duplexes behind it. The back 2 units are reserved for low-income for 15 years. Completely rebuilt in 2025-26, the front unit was taken down to the studs and the back units are all new - metered individually for water and electric, operating costs are going to be far less than other units and repairs should be minimal. Listing agent will manage the property for 1 year at no cost to buyer at the right price. Broker is owner. 2 leases commited but not signed due to SDGE delays on final meter install date. Targeting Feb. 1 occupancy
Listing Contacts
Voak Homes
Listed by Voak Homes
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