Description
Very Favorable, Assumable 1st TD of $3,000,000 at 5% Interest Only Payments for 8+ Years, Additionally, Seller Will Carry a 2nd TD with a Reasonable Down payment and at Reasonable Terms. VALUE ADD, Legacy Property, 'Marlborough Arms' is a Unique Vintage Style 11 Unit Rental Community Located in Kensington Heights, One of the Most Vibrant Rental Districts in Metro San Diego. A Once in a Lifetime Opportunity to Acquire this Landmark Income Property Consisting of (SIX) 1 Bed 1 Bath Apartments AND (FIVE) 2 Bed 1 Bath Apartments PLUS ADD (9) Studios Currently Under the City PERMIT PROCESS, Current YEARLY Income is Approximately $308,300, PLUS A Common Area Laundry, Situated on a 98x135 Corner Lot with an Alley.
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14BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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7,370SQFT
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$848$/SQFT
School Ratings & Info
Description
Very Favorable, Assumable 1st TD of $3,000,000 at 5% Interest Only Payments for 8+ Years, Additionally, Seller Will Carry a 2nd TD with a Reasonable Down payment and at Reasonable Terms. VALUE ADD, Legacy Property, 'Marlborough Arms' is a Unique Vintage Style 11 Unit Rental Community Located in Kensington Heights, One of the Most Vibrant Rental Districts in Metro San Diego. A Once in a Lifetime Opportunity to Acquire this Landmark Income Property Consisting of (SIX) 1 Bed 1 Bath Apartments AND (FIVE) 2 Bed 1 Bath Apartments PLUS ADD (9) Studios Currently Under the City PERMIT PROCESS, Current YEARLY Income is Approximately $308,300, PLUS A Common Area Laundry, Situated on a 98x135 Corner Lot with an Alley.
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