8540-42 Cora Mae Pl

    Santee, CA 92071
    • $459,900
    • STATUS: ACTIVE
    • ON SITE: 40 days
    • ID#: 190049214
    UPDATED: 34 min ago
    $459,900
    • 4
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,456
      SQFT
    • $316
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Tremendous opportunity to live in one unit and rent the other to help off set mortgage payment OR Duplex offers a sizable cash flow return with increased rental income potential per section 8 for long term buy and hold. No HOA or management fees so perfect for hands on investor. Larger opportunity has the potential of 3 individual adjacent parcels each representing 1 building and 2 units per parcel for a total of 6 units and 3 parcels. This listing represents 1 parcel and 2 units. The information contained herein has been obtained from sources believed reliable. While Zimkin Realty does not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

    Monthly Payment Calculator

    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.teamforss.com/homes/98658527

    8540-42 Cora Mae Pl Santee, CA 92071

    • Price: $459,900
    • Status: ACTIVE
    • Updated: 34 min ago
    • ID#: 190049214
    4
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,456
    SQFT
    $316
    $/SQFT
    1960
    Built
    Neighborhood:
    Santee
    County:
    San Diego
    Area:
    Santee (92071)
    Property Description
    Tremendous opportunity to live in one unit and rent the other to help off set mortgage payment OR Duplex offers a sizable cash flow return with increased rental income potential per section 8 for long term buy and hold. No HOA or management fees so perfect for hands on investor. Larger opportunity has the potential of 3 individual adjacent parcels each representing 1 building and 2 units per parcel for a total of 6 units and 3 parcels. This listing represents 1 parcel and 2 units. The information contained herein has been obtained from sources believed reliable. While Zimkin Realty does not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
    Exterior Features

    Exterior Wood Fencing Full Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Pool N/K Pool Heat None Known Roof Composition Site Easement AccessPrivate StreetStreet Paved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0 View N/K

    Interior Features

    Cooling Wall/WindowN/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 0 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.78 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 5000 Annual Expense Projected 6000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Santee Complex Features N/K Complex Park N/A Cross Streets Prospect Gross Rent Multiplier Actual 17 Gross Rent Multiplier Project 11.59 Gross Scheduled Income Actual 27000 Gross Scheduled Income Project 39600 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area East County Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 34600 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Pets No Pets Allowed Possession Close Of Escrow Projected Cap Rate 5.7 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerWaterCable TvElectricity Terms CashConventionalFhaVa Unit Number For Unit2 8540 Unit1 Deposit 995 Unit1 Occupied Tenant Unit1 Projected Rent 1650 Unit1 Rent Actual 1100 Unit2 Deposit 1150 Unit2 Occupied Tenant Unit2 Projected Rent 1650 Unit2 Rent Actual 1150 Water Meter On Property

    Listing provided courtesy of Zimkin Realty. 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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