Sold $1,000,000 - Multi-Unit
This is a great 7 unit apartment building on 44th Street in the City Heights neighborhood of San Diego. The building has 6 one bedroom and 1 two bedroom unit currently occupied by an on-site manager. The 2 story building is approximately 4,600 square feet and the lot is 6,250 square feet. Originally built in 1981 the kitchens and bathrooms were all renovated in 2004. The property has plenty of off-street parking and has recently been painted and updated. The units are all separately metered for electricity and the building has a master gas meter and house electric meter. This is a solid rental property in one of the best rental markets of San Diego. Being close to freeways, shopping and schools makes this location a prime location with low vacancy rates. Because of the size of the building an owner can manage the property themselves and eliminate the need for an on-site manager in turn increasing cash flow. Additionally an new owner can collect income from the coin operated on-site laundry and garage rentals.
Located in the City Heights neighborhood of San Diego on 44th Street just a few blocks East of the 15 freeway
Single Oak Realty represents the buyer.