3736 Mississippi StSan Diego, CA 92104

This exceptional six-unit apartment building, located at 3736 Mississippi Street in San Diego's desirable North Park neighborhood, presents a compelling investment opportunity. Boasting 4,710 square feet on a 7,013 square foot lot, this property offers a current NOI of $112,108 and a 3.62% cap rate. Pro-forma projections indicate a significant increase in NOI to $152,232 and a 4.91% cap rate, showcasing substantial upside potential. Each of the six units is designed for comfortable living, attracting high-quality tenants. The building's prime location, just three blocks from Morley Field and within walking distance of amenities such as tennis courts, a dog park, and Balboa Park's athletic facilities, ensures strong rental demand. The asking price is $3,100,000, translating to $658.17 per square foot. This property is ideally suited for investors seeking a well-positioned, income-generating asset in a thriving San Diego neighborhood, offering both immediate returns and long-term growth prospects. The property's strong location and potential for increased profitability make it a standout investment opportunity in the competitive San Diego multifamily market. This is a chance to acquire a well-maintained, six-unit building with a proven track record and significant upside potential in a highly sought-after area. The property's size and location provide a solid foundation for future appreciation and consistent cash flow.