6979 85 Lisbon St, Encanto, CA 92114
- $1,450,000
- List Price
- $1,450,000
- Status
- ACTIVE
- MLS#
- 260022545SD
- Year Built
- 1956
- Lot Size
- 3,983
- Acres
- 0.09
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Encanto
Property Description
Turnkey 4-unit investment opportunity with all units currently occupied and professional property management already in place! Each unit offers 2 bedrooms and 1 bathroom and has been extensively remodeled within the last 3 years. Interiors feature updated kitchens with granite countertops, white shaker cabinets and stainless steel appliances, luxury vinyl flooring, and remodeled bathrooms with updated vanities and shower/tub combinations. Each unit also includes an in-unit stackable washer and dryer plus central heating & A/C. Exterior improvements include updated stairs and railings along with a newer drainage system. Adding even more value, the property offers an assumable VA loan at a 5.75% interest rate! Conveniently located near the 805 and 94 freeways, approximately 15 minutes from Downtown San Diego, Naval Base San Diego and SDSU. With 4 occupied units, extensive renovations and management already established, this is an excellent opportunity to expand your portfolio or complete a 1031 exchange. Income-producing from day one!
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Additional Information
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $9,189
Listing courtesy of Listing Agent: Wally Dally (info@wallydally.com) from Listing Office: Palisade Realty Inc.
Mortgage Calculator
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