REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 705,000
Est. payment /mo
Active
1384 Frauline Drive San Diego, CA 92154
3 Beds
2 Baths
1,444 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $488
MLS Listing ID NDP2507088
Bedrooms 3
Full Baths 2
Year Built 1980
Property Sub-Type Detached
Property Description
Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. Please see MLS# NDP2507086 for all four residential income listing. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.
Location
State CA
County San Diego
Zoning R-1:SINGLE
Direction Use GPS
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 2.0
View Y/N Yes
View Neighborhood
Building
Story 1
Sewer Public Sewer
Level or Stories 1
Schools
School District San Diego Unified School Distric
Others
Tax ID 6333840700
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2507088
Listed by Matthew DeLine Keller Williams Realty