Justin Roberts
CALL NOW (619) 851-1677
Justin@JustinSellsSD.com

Buy


Listing ID230005073
Price$1,175,000
Price/SqFt$666.10
StatusACTIVE
Bedrooms6
Total Baths3
Full Baths3
SqFt 1,764
CountySan Diego
Year Built1951
Property TypeResidential
Property Sub TypeDetached
Outstanding Investment Opportunity! Presenting a fully turn-key, "minidorm" style student rental situated in a prime location, just steps away from SDSU. Nestled on a sought-after street renowned for student rentals, this 6-bedroom property is currently leased for $6,000 per month to a group of SDSU students. A new lease with a fresh group of SDSU students is set to commence on July 5, 2023, at an increased rate of $6,900 per month. The current owner has meticulously remodeled and expanded the house, obtaining necessary permits to add bedrooms, bathrooms, and convert the garage. All work was carried out under the guidance of a leading student housing expert management company in this highly desirable area. Explore the potential to build an ADU on the property, as neighboring homes have successfully rented their ADUs for $4,500+ per month. Due to the consistently high demand for student rentals in this prime location, the property has experienced annual rent increases nearly every single year per the owner. With its proximity to SDSU, this investment offers low vacancy, ensuring a stable and reliable income stream. Expertly managed by a top-notch student rental management company, this property offers an unbeatable location close to campus, shopping centers, dining options, and convenient freeway access. The spacious backyard features a jacuzzi, providing an excellent space for relaxation and entertainment. Don't miss your chance to capitalize on this exceptional income-generating opportunity!
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS. Data updated on Saturday, March 25th, 2023 01:23:32 PM.
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Listing courtesy of Fantastik Realty

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Justin Roberts

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Alpine, CA 91901
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