Property Detail

Description

Unlock a lucrative investment with this exceptional four-unit multi-family property, strategically located in a working-class neighborhood with endless demand. This well-maintained building features all two-bedroom, one-bath apartments, making it an attractive choice for a diverse range of tenants. The property is strategically located near all major freeways and is just minutes from downtown San Diego, ensuring high demand for rental units. Tenants are responsible for ALL utilities, reducing operational costs and increasing net income. The property also features 6 off street parking spaces and laundry facilities. Current ownership has recently made significant plumbing upgrades, painted the exterior and installed a new gutter system. The property generates a 5.5% cap rate at the asking price with potential to push rents even further, maximizing your investment return. Recent renovations have minimized upkeep, allowing for a hassle-free ownership experience. This is a fantastic opportunity for both seasoned investors and those looking to enter the multi-family market. Don’t miss your chance to capitalize on this profitable venture!