$5,500,000

The Meridian @ 4902-12 67th Street is an 18 unit apartment complex that consists of 15,400 rentable SF situated on a 17,947 SF lot with 19 parking spaces. The unit mix consists of (1) 4 Bedroom / 2 Bath house built in the 1960s, (12) 2 Bedroom / 1 Bath units, and (5) 1 Bedroom / 1 Bath units built in different stages of the 1960s and renovated in 2017 & 2020 as well as onsite laundry facilities with 3 washers and 2 dryers that are owned. There is a grass backyard with a shaded lounge area at the rear of the property. Previous ownership made significant exterior and system upgrades. The majority of sewer lines and all water supply lines have been replaced. The property has new windows, and the units have faux wood flooring as well as new kitchens and bathrooms featuring stainless steel kitchen appliances, granite countertops, and new cabinets, hardware and ceiling fans. The property has spacious floorplans and the units have A/C. The Meridian sits in the burgeoning Rolando Village Neighborhood near the College East District. All tenants are month to month. It could be suitable for SDSU students with added security parking gates and more futures for students. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. PROPERTY IS SHOWN WITH AN ACCEPTED OFFER ONLY.