03 Jul
Posted by justin_lee in cash deal, Cash Flow Rental Property, Completely Remodeled, Properties For Sale
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:
The current expenses are as follows:
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: