Courtesy of: Mark Revetta, OnQu Realty, mark@889mark.com
Courtesy of: Mark Revetta, OnQu Realty, mark@889mark.com
$1,498,000
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10 bed
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6.00 Bath (6 Full)
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Lot: 0.14 Acres
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Other
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$1,498,000
2985-87 54Th St Turnkey 4-Unit Investment Opportunity - Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10, 250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Courtesy of: Mark Revetta, OnQu Realty, mark@889mark.com
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