1384 Frauline Drive Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92154
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $488
MLS Listing ID 8N-2507088
Bedrooms 3
Full Baths 2
Year Built 1980
Lot Size 5,227 Sqft
Property Sub-Type Single Family Residence
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
Area 92154 - Otay Mesa
Zoning R-1:SINGLE FAM-RES
Interior
Cooling Central Air
Fireplaces Type None
Laundry In Garage
Exterior
Garage Spaces 2.0
Pool None
Community Features Curbs,Sidewalks,Suburban
View Y/N Yes
Building
Lot Description Front Yard,Lawn,Level,Back Yard
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2507088