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748 N 3rd Street
USD 4,500,000
Property ID: 23301383
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748 N 3rd Street ,92021
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icon 38333 SqFt
icon Built in 1982
icon USD 117/SqFt
icon 34 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
34
Bathrooms
0
Interior Size
17748
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1982
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Detailed Introduction Of This Home
748 N. 3rd St is a 17-unit townhouse-style complex located in the suburban family-focused east county region of San Diego. Built in 1982, this sprawling townhouse complex is 30 minutes from downtown San Diego and consists of (17) 2-bdrm. and 1.5-bath townhomes that are approx. 1,045 SF. Each bright and spacious unit includes a back patio, washer, and dryer. 748 N. 3rd St presents approx. 56% rental upside compared to renovated townhomes in the area. The property is offered at $264,000 per unit and $254 per foot, and at the list price, it stabilizes at an 8.56% CAP rate & 8.50 market GRM with projected market rents. Please note, 748 N. 3rd is not subject to local rent control, allowing for an annual rent increase of 5% + CPI (currently 10%). In addition to the spacious units and significant rental upside, this townhouse complex resides on nearly an acre lot (38,333 SF) with abundant parking (approx. 33 parking spaces) and a well-maintained community pool.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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748 N 3rd Street
USD 4,500,000 34 Beds
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