FSBO
FSBO - For Sale
$3,195,000
For Sale by Owner
$824/sq ft Listed 9 days ago
14BR Multi-Family for Sale in San Diego, CA
5505 Mary Lane Dr, San Diego, CA 92115
14 Beds
8 Bath
3,877 sq ft
Built 2023
PropSlick Verified Data
Key facts & insights for this exact address
$824
Price / sq ft
2023
Year Built
$19,480
Property Tax / yr
6,748 sf
Lot Size
San Diego
County
Key Facts
Property TypeMulti-Family
Year Built2023
Square Footage3,877 sq ft
Lot Size6,748 sq ft
Annual Property Tax$19,480
Price / SqFt$824
Property Description
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 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.
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
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