Residential Income - 5505 Mary Lane Dr, San Diego, CA

$3,195,000

5505 Mary Lane Dr, San Diego, CA

5505 Mary Lane Dr, San Diego, CA 92115 - $3,195,000 · Multi-Family Home for Sale, photo 3

5505 Mary Lane Dr, San Diego, CA 92115 - $3,195,000 · Multi-Family Home for Sale, photo 4

5505 Mary Lane Dr, San Diego, CA 92115 - $3,195,000 · Multi-Family Home for Sale, photo 5

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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.

Property details

Year built

2023

Property type

Residential Income

Lot size

6,748 sqft

Location

5505 Mary Lane Dr • San Diego, CA 92115

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Listed by

Alexio Barbara · Bridgepoint Realty Inc

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