$2,149,000

Price reduced! Turn-Key 5.5% CAP rate passive investment! Pleased to present for sale a well-located student rental on a double-wide lot by San Diego State. 5527 Dorothy is a stone's throw from the SDSU Campus in the most desired neighborhood by students. This fully remodeled 7/3 House plus 4/2 ADU totals 11beds/5baths, has stunning valley views off the back deck, and is currently rented through August 2024 for for $13,900 per month! A 5.5% CAP rate on current numbers WITH MANAGEMENT in place! Current mgmt is very effective in negotiating high rental lease rates and is willing to stay on at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only. Current mgmt is very effective in negotiating high rental lease rates and is willing to stay on at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only.