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Listed by: Twana Rasoul (619) 792-8295 DRE #02026495, Patrick Kappel DRE #02017034 | Compass (619) 353-5799
$999,000
5 Beds
- 3 Baths
--sqft
2609 11 Nina Road, Lemon Grove, CA 91945
$999,000
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Multi Family
Built in 1958
$-- HOA
-- sqft lot
--/sqft
Description
Two detached homes on one lot in a quiet Lemon Grove cul-de-sac. Front home is 3 bed, 1.5 bath, approx 1,100 SF. Back home is 2 bed, 1 bath, approx 774 SF. Each has its own gas and electric meter and its own single-car garage, so you get two independent tenancies with minimal overlap. At current rents the property pencils at a 5.8% cap rate, based on what the units bring in today rather than projected increases. Strong fit for an investor wanting long-term value with cash flow in place from day one, or for a buyer looking to occupy one home and let the second unit cover a portion of the mortgage. Detached units command more than a standard duplex and tend to hold tenants ...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1958
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
260019237SD
MLS Status
Pending
Days on Market
18
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