Here’s an excellent cash flowing duplex for you to add to your rental portfolio:

This property is a duplex on a 6050 sq ft lot.
The duplex was built in 1954 and is 1250 sq ft with a 450 sq ft garage.

We are asking only $369,900 for this fully turnkey, already cash flowing and income producing property in the Encanto neighhorhood of San Diego, CA 92114.

Although this property is a duplex, please note that the owners have converted the garage into a third, income generating, 2BR/1BA unit.  Please note that this conversion was done without a permit when you evaluate this deal.

Here are the current units and rents:

Front Unit: $1100 per month (2 BR/1 BA)
Back Unit: $1100 per month (2 BR/1 BA)
Converted Garage: $875 per month (2 BR/1 BA).
Gross Rent: $3075 per month

The property has two water meters and two electric panels.  The garage shares the electricity and water with the back unit.

Not only does each unit have 2 bedrooms and 1 bath, but each one also has:

  • A fenced back yard
  • Washer/dryer hook ups
  • Tile flooring
  • Carpet in the bedrooms
  • New windows
  • Plenty of parking space

The current expenses are as follows:

  • Taxes: $4,438.80 per year (based on a $369,900 purchase price)
  • Water: $265 every two months
  • Yard Maintenance: $75/month
  • Property Management: $246/month
  • Insurance: $100/month

Total annualized income: $36,900
Total annualized expenses: $11,080.8
Total NOI: $25,819.20
Cap Rate: 6.9%

To see a more detailed financial analysis, please click here to download our report.

This property is available for cash buyers only.

To set up a private showing, or for more information, please call 858-490-2279 or email us today at info AT SanDiegoCashDeals.com.

Private showings, rent rolls and leases available upon request to serious buyers who can show POF.

AGENTS: please bring us a buyer and you will be duly compensated!

Pictures below:


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