$915,000
$900,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
818 SqFt
SOLD DATE : 11/05/2021
Key Details
Sold Price $915,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 818 sqft
Price per Sqft $1,118
Subdivision Normal Heights
MLS Listing ID 210024423
Sold Date 11/05/21
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1936
Property Description
Gorgeous turnkey property, just a close walk away from downtown Normal Heights and North Park with great vacation rental income. Check out 3D tour. Completely private and fully fenced two detached buildings with lots of charm. Both homes are recently remodelled with wood floors, curved doorways, built in cabinets and modern baths and kitchens. Front home has large fenced private yard, seperate dining room, sliding doors,fans, historic details and mirrored closets. Rear studio unit has private patio, high ceilings, full bath and small kitchen. Parking space available on fenced property. Washer dryer included. Electrical, plumbing, a/c, roofs, windows, doors all installed recently and (fully paid for) solar means sellers have not paid more than $21 for electricity. Property is rented as vacation rental. Front house averages $180/night, 72% occupancy, $47,361 income per year. Back unit averages $101/night, 73%occupancy, 26,886 per year. Property is professionally managed and sellers pay 20% mgmt fee. Potential for self managed property to have higher income. Could sell fully furnished for immediate use. Sale subject to buyer doing 1031 exchange at no expense to buyer.
Location
State CA
County San Diego
Community Normal Heights
Area Normal Heights (92116)
Building/Complex Name None
Interior
Heating Electric
Cooling Zoned Area(s)
Appliance Zoned Areas
Exterior
Exterior Feature Stucco
Fence Full
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Public Street, Sidewalks, Street Paved
Story 1
Lot Size Range 1-3999 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, FHA, VA
Space Rent $5,400
Listing Terms Cash, FHA, VA
Financing VA
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Bought with Ryan Trainotti • Tidal Realty
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States