3008 Shelby Dr
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3008 Shelby Dr
2 Unit Apartment Building $1,207,278 CAD ($603,639 CAD/Unit) 5.60% Cap Rate National City, CA 91950
Investment Highlights
- RECENT RENOVATIONS - Extensively Upgrade Including New Roof, New Flooring, Vanities, Appliances, Dual Pane Windows, Gated Security and More.ATTRACTIVE
- Development Upside - Large Lot allows Potential For ADUs
- ATTRACTIVE AMENITIES -Private Entrance, Common Area Courtyard, Off Street Parking & In Unit Laundry DESIRABLE AREA - Well Located Near Numerous Consum
Executive Summary
This well-maintained duplex features two 2BR/1BA units, each with private yards. The rear unit is currently rented for $2,750/month, while the other is vacant for potential owner-occupant buyers. The rear unit has been fully renovated with a modern kitchen and bathroom, in-unit laundry, upgraded flooring, recessed lighting, and designer finishes. It also includes a spacious backyard with a pergola, deck, and panoramic views.
The front unit offers a large fenced yard with potential for increased rental income. Recent upgrades include a new roof, electrical updates, fresh paint, and drought-tolerant landscaping. Both units are separately metered for water and electricity.
The front unit offers a large fenced yard with potential for increased rental income. Recent upgrades include a new roof, electrical updates, fresh paint, and drought-tolerant landscaping. Both units are separately metered for water and electricity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,207,278 CAD | Building Class | C |
| Price Per Unit | $603,639 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 1,425 SF |
| Cap Rate | 5.60% | Average Occupancy | 50% |
| Gross Rent Multiplier | 12.9 | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1945/2024 |
| Property Type | Multifamily | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,207,278 CAD |
| Price Per Unit | $603,639 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 1,425 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2024 |
| Parking Ratio | 1.4/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,911 CAD | - |
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3008 Shelby Dr
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