3671 Madison Avenue, San Diego, CA 92116
- $1,299,900
- List Price
- $1,299,900
- Status
- ACTIVE
- MLS#
- TR26169750
- Year Built
- 1948
- Lot Size
- 5,139
- Acres
- 0.12
- Lot Location
- 2-5 Units/Acre, Front Yard, Landscaped
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Ranch
- Property Sub Type
- Duplex
- Stories
- One Level
- Neighborhood
- Normal Heights
Property Description
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.
/u.realgeeks.media/sandiegoresidentialsolutions/Untitled-cntr.png)
Additional Information
- Other Buildings
- Second Garage
- Appliances
- Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Bath, Electric, Gas, Kitchen, Living Room, Primary Bedroom, Outside
- Heat
- Central, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air, Electric, Gas
- View
- Neighborhood
- Exterior Construction
- Frame, Stucco
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Living Room Deck Attached, Storage
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $79,200
Listing courtesy of Listing Agent: Jonathan Minerick (info@homecoin.com) from Listing Office: Homecoin.com.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.