1384 Frauline Drive San Diego CA 92154
$ 705,000
  3   |    2   |    1444 Sq Feet

Listing ID

#NDP2507088

Property Type

Detached

County

San Diego

Neighborhood

Swiss Estates

Year Built

1980

Days on website

31

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
Financial Information
List Price:  $ 705000
Property Features
Sewer:  Public Sewer
View:  Neighborhood