5111 Tipton

Pleased to present for sale a well-located student rental by San Diego State PRELEASED AT A 6.1% CAP Rate! 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month - a 6.1% CAP rate WITH MANAGEMENT in place! Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! These properties are operate on 12 month leases and just a 3-5 day turnover period between move ins, so vacancy factor is incredibly low at around 1.5%.

Student rentals circumnavigate CA Rent control as they typically have new group of students each year. Shown with accepted offer only.
Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only.
Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only.