1101 E Almeria Rd 85006

1101 E Almeria Rd 85006

7 Units – 3,718 SqFt – 100% Occupied

5 Units are 1 Bed / 1 Bath – 2 Units are 2 Bed / 1 Bath

WHOLESALE: $660,000
EARNEST: $15,000

Currently getting estimated 38K NOI, current rents are at 54k annually. Market rents brings this to 72K annually, and units are in good shape and need a few dollars per door to increase rents. With current expenses and adding 100k to the property the ROI is close to 8%. 5 units have their own electric and gas meters, and 2 units share one of each. Great value add for a buy and hold investor looking to buy in the hot Coronado Historic District!

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