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… Read More 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. Read Less
Property listed by Bridgepoint Realty Inc, Alexio Barbara
Listing Snapshot
Days Online
32
Last Updated
Lot Size
0.15 Acres
Year Built
2023
MLS Number
260022437SD
Additional Details
Building
Built in 2023, 1 building, 2 stories, Levels: Two
Community
Park Name: College Area
Cooling
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $256,800, Net Operating Income: $183,793
Lot
0.1549 acres
Taxes
Parcel Number: 4661501100
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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