This a six (6) unit apartment complex in the high-demand submarket of North Encanto – located in Southeast San Diego. The subject property is situated on two (2) separate parcels, each lot is approximately 10,000sf. The unit mix of these 2-triplexes consist of all 2 bdrm/1bath units approximately 900sf each.
This is an opportunity for an investor to acquire two adjacent triplexes (6 units total) with the ability to secure long-term fixed residential financing. The current rents are approximately 20% below the market allowing a new owner to increase rents to market levels as improvements are made to the units.
- High Demand Rental Location – North Encanto
- Excellent Unit Mix – ALL 2/1’s
- Spacious Floor Plans (900+sf)
- Upside In Rental Income
- Opportunity for 30-Yr Fixed Financing (75% LTV)