Description

CASH FLOW! CASH FLOW! CASH FLOW! Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845-55 Chamoune Avenue—a newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns. Take advantage of an assumable Freddie Mac loan, featuring a loan balance of $3,240,000 and an attractive interest-only rate of only 3.03% through March 2029, further enhancing the property's affordability and profitability. Boasting twenty meticulously crafted one-bedroom, one-bathroom apartments, alongside a two-bedroom, two-bathroom unit, and a three-bedroom, one-bathroom apartment, this property caters to diverse tenant preferences, ensuring high occupancy rates and steady rental income streams. Benefit from recent capital investments, including newer roofs, fresh exterior paint, upgraded fencing, security systems, energy-efficient windows, and essential infrastructure enhancements such as rerouted water lines and interior unit upgrades—ensuring minimal maintenance costs and maximum tenant satisfaction. Experience the pinnacle of comfort and convenience with ample off-street parking and on-site laundry facilities, elevating the resident experience and fostering long-term tenant satisfaction. This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 7.4% (day 1!).