Listed by Pierson Post
$1,599,995
562-564 11th Street (Assumable 2.75% VA Loan!)
Details
APN 626-114-18-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,450
Units 4
Cap Rate 5.31%
NOI $85,036
Occupancy 100%
Pro-Forma Cap Rate 6%
Pro-Forma NOI $96,076
Price per SqFt $464
Year Built 1980
Buildings 2
Stories 2
Lot Size (SqFt) 7,997
Zoning R-3000-D
Parking Spaces 4 spaces
Parking Per SqFt 1.16
Multifamily | 5.31% CAP | 4 Units
Marketing description
2.75% assumable VA Loan! Multifamily investment property located in quiet North Imperial Beach neighborhood. Property consists of one 3BD/2BA house (~1,200SF) and three 2BD/1BA units (each ~750SF). Property is well-maintained, professionally managed, and located in a desirable neighborhood of Imperial Beach with long term, quiet tenants. Property features include alley access, separate entrances, separated gas/electric/water meters. Located just one block to the Silver Strand Bikeway and walking distance to Trident Coffee, Rad Power Bikes, and more. The Property is two blocks from Palm Avenue, offering quick access to I-5, Coronado Island, and South Bay commercial hubs. Offering memorandum available upon request.
Investment highlights
- 2.75% assumable VA Loan
- Prime Coastal Location with Strong Walkability
- Attractive Unit Mix with Strong Income Profile
- High-Quality Tenant Base Driven by Location
- Well-Maintained Property with Recent Upgrades
Listing Contacts
Listed by Pierson Post
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,036.00
$7,086.33/mo
Valuation Metrics
0
DSCR
5.31%
Cap Rate
5.31%
ROI
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