Current 5.3% CAP rate with management in place! Pleased to present for sale a student rental just a stone's throw to San Diego State University. This fully remodeled 5bed/2bath home and 3bed/1ba ADU to two student groups for a combined $8,700/month through July 2023. Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired. They expect to prelease for the 23-24 school year in coming months at $9,000+ per month (5.6% CAP rate!). Excellent Turn-Key return for an investor! Sewer: Sewer Connected Topography: LL
Listing courtesy of Listing Agent: Alexio Barbara (alexiobarbarascc@gmail.com) from Listing Office: South Coast Commercial, Inc..
Listing sold by Mark Pattison from eXp Realty
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