10 bedroom house for sale

Overview

Rental investment opportunity in College West Neighborhood located in SDSU - a prime location for SDSU students

Rental investment opportunity in College West Neighborhood located in SDSU - a prime location for SDSU students. The parcel is comprised of two single-family units, a 6bed/3bath and less than two years old 4bed/2bath ADU. ADU features central heating and air, solar panels that are fully purchased and new irrigation/concrete surrounding the unit to prevent floods or intrusion. The main dwelling has been remodeled and updated to include central heating and air, up to date appliances and flooring. Each unit has their own private yards for students to enjoy privately. Both properties are leased presently and have future leases on file. Future rent comes into affect for both units come June 2024 and will total a new combined rent of $13, 800/month. Both homes are professionally managed by State Houses Real Estate. Management typically increases rents between 7-10% every year for consistent increases. Further development may be possible in the back canyon if potential buyer is looking to consider affordable housing options.