6650 Amherst St , 11C

    San Diego, CA 92115
    • $162,900
    • STATUS: ACTIVE
    • ON SITE: 48 days
    • ID#: 190042098
    UPDATED: 63 min ago
    $162,900
    • 1
      BEDS
    • 0.63
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 480
      SQFT
    • $339
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Investors real 5.27% CAP RATE! Welcome to Amherst Springs, one of the very few centrally located extremely affordable 55+ communities. Owner can be of any age however the occupant must be 55+ and there is no smoking allowed anywhere in the unit or in the building. This secure complex in the SDSU college area is an easy stroll to the grocery store, transportation, coffee shops and restaurants. The complex has a secure entry, a club/meeting room, community laundry and ...SEE SUPPLEMENT... .......does have some parking in the back of the complex. There is no availability currently but you can get on the waiting list. Since this is the nicest location of the five units being top floor, end unit with a balcony. It also has an entrance that does not require the occupant to go into the complex through a side stairway. I’m hopeful that we can set the bar a little higher for comparables and get you more money for the next four. The unit itself is a top floor end unit with a balcony bring in lots of light. It also has an entrance through a side stairway that does not require access into the complex. It is occupied by a section 8 renter who is on the special veterans program allowing for a higher dollar higher limit for section 8 housing. Current rent is very low however the paperwork has been filed with section 8 for the rent to be increased to $1295 as of October 1. Very nice quiet tenant is hopeful an investor will purchase this and keep him here. At asking price we have a 5.27 cap rate for such a simple low maintenance investment in San Diego. Contact Agent for showing. There are 51 total units in complex with 13 owner occupied units and 38 investor owned units. There is no litigation and the pet policy is 2 pets 15 pounds max each. There is no visitor parking.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.whisselrealty.com/homes/97426095

    6650 Amherst St , 11C San Diego, CA 92115

    • Price: $162,900
    • Status: ACTIVE
    • Updated: 63 min ago
    • ID#: 190042098
    1
    Beds
    1
    Baths
    0
    ½ Baths
    0.63
    Acres
    480
    SQFT
    $339
    $/SQFT
    1984
    Built
    Neighborhood:
    College Area
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Investors real 5.27% CAP RATE! Welcome to Amherst Springs, one of the very few centrally located extremely affordable 55+ communities. Owner can be of any age however the occupant must be 55+ and there is no smoking allowed anywhere in the unit or in the building. This secure complex in the SDSU college area is an easy stroll to the grocery store, transportation, coffee shops and restaurants. The complex has a secure entry, a club/meeting room, community laundry and ...SEE SUPPLEMENT... .......does have some parking in the back of the complex. There is no availability currently but you can get on the waiting list. Since this is the nicest location of the five units being top floor, end unit with a balcony. It also has an entrance that does not require the occupant to go into the complex through a side stairway. I’m hopeful that we can set the bar a little higher for comparables and get you more money for the next four. The unit itself is a top floor end unit with a balcony bring in lots of light. It also has an entrance through a side stairway that does not require access into the complex. It is occupied by a section 8 renter who is on the special veterans program allowing for a higher dollar higher limit for section 8 housing. Current rent is very low however the paperwork has been filed with section 8 for the rent to be increased to $1295 as of October 1. Very nice quiet tenant is hopeful an investor will purchase this and keep him here. At asking price we have a 5.27 cap rate for such a simple low maintenance investment in San Diego. Contact Agent for showing. There are 51 total units in complex with 13 owner occupied units and 38 investor owned units. There is no litigation and the pet policy is 2 pets 15 pounds max each. There is no visitor parking.
    Exterior Features

    Entry Level Building 1 Entry Level Unit 3 Exclusive Use Yard No Exterior Wood/Stucco Fencing Partial Frontage Open Space Guest House N/K Irrigation N/K Lot Size 0 (Common Interest) Parking For RV None Known Parking Garage Description None Known Parking Non Garage Description Permit/DecalUncoveredOff StreetOn SitePublicSee Remarks Parking Non Garage Spaces 0 Parking Spaces Total 0 Patio BalconyCovered Pool N/K Pool Heat None Known Residential Styles All Other Attached Residential Unit Location No Unit AboveEnd Unit Roof Composition Site Public StreetStreet Paved Spa N/K Spa Heat None Known Structures None Known Three Or More Steps For Entry No Topography Slope Gentle View N/K

    Interior Features

    Bath Totals 1 Bedrooms Total 1 Cooling Wall/Window Dining Room Dimensions Combo Elevator Yes Equipment Available DishwasherDisposalElectric OvenElectric RangeElectric Cooking Family Room Dimensions 0X0 Fireplace N/K Fireplaces 0 Floor Coverings CarpetLinoleum/Vinyl Heat Equipment Wall/Gravity Heat Source Electric Interior Features Balcony Kitchen Dimensions 7X7 Laundry Location Laundry Room Laundry Utilities Other/Remarks Living Room Dimensions 17X11 Master Bedroom Dimensions 12X11 Optional Bedrooms 0 Searchable Rooms N/K Stories 1 Story Water Heater Type Other/Remarks

    Property Features

    Accessibility Features None Additional Property Use N/K Age Restrictions 55 And Up Architectural Style Other Assessments Unknown Association Amenities Card RoomControlled AccessPet RulesPets PermittedRec Multipurpose Room Association ID San Diego Association Of Realtors (Sdar) Cfd Mello Roos Fee 0 Community College Grove Complex Features Pet RestrictionsN/K Complex Park Amherst Springs Cross Streets El Cajon Blvd Est Percent Owner Occupancy 25 Home Owners Assoc Fee Includes Common Area MaintenanceHot WaterRoof MaintenanceTrash PickupWater Home Owners Assoc Payment Freq Monthly Home Owners Fee Reflects Month Home Owners Fees 235 Home Owners Total Fees 2820 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 235 Other Fee Type N/K Other Fees 0 Ownership Condominium Pets Allowed W/Restrictions Property Condition Repairs Cosmetic Property Restrictions Known AnimalsCc&R's Sales Restrictions Other/Remarks Security Gated Community Sewer Septic Sewer ConnectedPublic Sewer Short Sale No Telecommunications Cable (Coaxial) Terms CashConventionalVa Units In Building 51 Units In Complex 51 Utilities Cable AvailableElectricity ConnectedSewer ConnectedWater Connected Water Meter On PropertyPublic Zoning R-1:Single

    Listing provided courtesy of Re/Max Associates. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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    3180 University Ave, Suite 600
    San Diego CA, 92104