NEW PAINT July 2011! Newer Roofer. SOLID 8 Unit building all 2 bedroom/1 bath. Total monthly rent as of 1/1/12 $7,865 monthly ($94,380annually), plus $1,400 annually from laundry income. Well maintained with upgrades to roof, drainage, some carpet and paint. LOW VACANCY rate during seller's ownership. Units are well maintained and upgraded over the years. 8 parking spaces. Tentative Map previously in place for condo converation. Seller will include the approximately $50,000 worth of paperwork completed toward potential conversion. Bring all offers! Great property . Expenses total approximately $32,400 annually including property taxes (valued at about $940K for basis), insurance, water, utilities, maintenance and repairs (total approx $2,700/month). Dos not include seller's mortgage payment. SOLID INCOME...BRING ALL OFFERS!
Property Type:
Com-Res Income
Price Per Unit:
123125.0
Price Per SqFt:
$157.90
Lease per Sq Ft:
$161.87
Lot Size:
0.16 acre(s)0.07 hectare(s)
Num Stories:
2
County:
San Diego
Market Area:
Metro Uptown
Number of Buildings:
1
Number of Units:
8
Days on market:
278
Cap Rate.:
6.43
Gross Multiplier:
131.0
Gross scheduled income:
95,780
Other income source:
Laundry
Operating expense:
32400
Projected gross scheduled income:
94,380
Projected net Income:
63380
Projected other income:
1400
Projected operating expense:
32400
Motive / Want:
Sale/Cash/Exchange
Orange to 41st
Listing Type:
Exclusive Right (R)
Complex Features:
Other/Remarks
Parking:
4)SPACES
Total Parking Spaces:
8
Floor finish:
Other/Remarks
Construction Material:
99)ORMKS
Roof:
Other/Remarks
Number of Leased Appartments:
8
Number of Units in Unit 1:
8
Unit 1 Furnished:
0
Bedrooms for Unit 1:
2
Bathroom 1:
1.0
Zoning:
8
Parcel Number:
454-753-03-00
Court/Lender Approval:
No
Listed by
Jonathan Schneeweiss of Schneeweiss Properties
Listing information last updated on 11-May-2012 10:46 PM
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