$23,277/mo
BIG PRICE IMPROVEMENT- DOWN $500K w/ increased income. Excellent Value-Add w/ moderate renovations needed to achieve A 7%+ cap rate. SELLER BUY DOWN OF INTEREST RATE OPTION W/ FANNIE/FREDDIE (Inquire with Listing Agent). Creative Financing also potentially available. Available ADU potential for 1-2 more units. 16 unit property in Colina Del Sol in San Diego. This one building property contains an excellent unit mix of 10 1bd/1bt units, 4 2bd/1.5bt units and 2 Studios. Majority of the units have recently been remodeled with new laminate flooring, paint, stainless steel appliances, tiled showers, AC (in select units), new cabinets, quartz countertops, and the newest 1br remodel has in-unit washer/dryer. This property has been well maintained and can offer upside in rents with minimal remodeling required.
