South Coast Commercial, Inc.
Listed by BRIDGEPOINT REALTY INC., South Coast Commercial, Inc.
$2,495,000
Turn Key 6.1% CAP Student Housing Leased through August 2027
Details
APN 462-202-09-00
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 5.90%
Year Built 1970
Buildings 1
Stories 2
Multifamily | 5.90% CAP | 3 Units
Marketing description
Turn Key construction student rental property leased through August 2027 for $17,050 per month at a 6.1% WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 4bed/2ba, ADUs in back are 4bed/2ba and a 4bed/2ba. All market rate no deed restrictions! Located on one of the prime streets short walk to the SDSU campus & campus sports fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. Tenants get 12 street parking permits (4 per address). In unit washer dryers in each unit.
Investment highlights
Turn Key Stabilized 6.1% CAP with Management in Place Leased through August 2027!
Listing Contacts
South Coast Commercial, Inc.
Listed by BRIDGEPOINT REALTY INC., South Coast Commercial, Inc.
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