Pleased to present for sale, 3 newly constructed three-story houses on one lot situated minutes away from San Diego State University. Completed in 2020, this property rests on an approximate 11,400 SF lot with 4,902 rentable SF. This property just received its certificate of occupancy and is being pre-leased for the 2021 school year. In the interim, short-term leases will be signed until the students move in next summer. The seller is open to carrying a second loan on the property if needed by buyer.
his luxury housing development includes one 3-bedroom/3-bathroom house and two 3-bedroom/2.5-bathroom houses, with an option to add two additional bedrooms at the buyer’s request to maximize rents. There is also a cloud condo map on the property, giving an investor the option to sell off as individual condos in the future. Each unit has been constructed with high-end finishes and amenities. Each unit is separately metering for all utilities. In proximity to San Diego State University, these units will attract college students willing to pay premium pricing for off-campus housing. This property offers a rare opportunity to be the proprietor of a newly constructed student housing multi-home complex minutes from San Diego State University. Within walking distance to Ralphs, restaurants, and convenience stores, this property is centrally located with the investor’s longevity in mind.