3671 Madison Avenue, San Diego, CA 92116
List Price: $1.3M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1948
Lot Size: 5,139 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: TR26169750
About This Property
Massive Cashflow Advantage: Seller offering full 2-1 interest rate buydown credit! Potentially save over $1300/month on your mortgage payment in year one! Located in highly desirable Normal Heights near Von's and Ward Canyon Park, this turnkey duplex is a premium asset for investors or house hackers. Exceptional rental strength with a combined $6,600/month gross income ($3,300 per unit), the finances pencil out at current interest rates. Let the seller buy down your rate and secure this financing advantage. $60K in kitchen, bath and plumbing upgrades. Unique design with each 2 bedroom/1 bath unit, 3671 Madison and 4569 Cherokee, facing a different street for added privacy. Two car detached garage with workshop and one additional outdoor parking space. Potential ADU opportunity. Also potential to convert to a single family property. Buyers to research alternatives. Central heat and air conditioning. Each unit has own washer/dryer. Separate utility meters for gas and electricity. Water metered electronically for each unit. Tenants responsible for all utilities plus water and trash. Abundant outdoor spaces with pavers and pea gravel for entertaining and pets. Kitchens and bathrooms remodeled in 2022. Electrical and plumbing upgrades by previous owner. Mature fruit trees including lemon and avocado. Quiet location. Fully fenced with private spaces for each unit.
Listing provided by: Jonathan Minerick DRE #01523060 888-400-2513 info@homecoin.com, Homecoin.com
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