EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don''t miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
Property Details
Price:
$1,580,000
MLS #:
NDP2408975
Status:
Active
Baths:
0
Address:
225 35th Street
Type:
Residential Income
Neighborhood:
92102sandiego
City:
San Diego
Listed Date:
Sep 22, 2024
State:
CA
ZIP:
92102
Lot Size:
5,247 sqft / 0.12 acres (approx)
Year Built:
1949
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Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Back Yard, Front Yard, Landscaped, Level with Street, Level, Park Nearby, Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Financial
Association Fee
0.00
Tenant Pays
Telephone
Map
Community
- Address225 35th Street San Diego CA
- Area92102 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92102
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
225 35th Street
San Diego, CA
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