5505 Mary Lane Dr, Talmadge/San Diego Central, CA 92115
- $3,195,000
- 14
- BD
- 8
- BA
- List Price
- $3,195,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 260022437
- Subtype
- Residential Income
- Year Built
- 2023
- Bedrooms
- 14
- Bathrooms
- 8
- Full Baths
- 8
- Lot Size
- 6,748
- Acres
- 0.15
- Subdivision
- College Estates(1260)
- Neighborhood
- College Area
- Building Name
- College Area
- MLS Area Major
- San Diego Central
Property Description
TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Offered at a 5.8% CAP rate WITH MANAGEMENT in place! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. 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%. Extremely rare for properties this close to campus to become available for sale.
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Additional Information
- Air Conditioning
- None
- Levels
- Two
- Roof
- Other
Mortgage Calculator
Listing courtesy of Listing Agent: Alexio Barbara (760-419-1343) from Listing Office: Bridgepoint Realty Inc.
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