137 MADISON AVENUE, CHULA VISTA, CA 91910

  • Lot Size: 6,197 sqft
  • Built in 1958
  • MLS #220013036SD
For Sale $1,075,000

Description

Opportunity knocks in Chula Vista! This unique investment prospect features a single family 3BR/2B home and two additional 2/1 units: you can easily live in one and let the other two rentals help you cover costs! Main home boasts a converted garage, in-unit laundry, fully fenced private yard, private patio and a covered porch, real wood floors, and two tandem parking spaces. Duplex units feature large living rooms, eat-in kitchens, tiled bathrooms, and two-car tandem parking spaces with alley access. Lower unit has a fenced private yard. With stabilized cash flow, this property is a solid start for anyone’s investment portfolio! Appears to be lots of upside on rents with longer term tenants in place. Nicely maintained in a good location. Estimated 25% annual expenses. Units added in 1976, Garage conversion was in 1975 Perfect income opportunity for the burgeoning investor! Fairly well maintained, this tenant-occupied property allows for buyer to see immediate return with minimal needed upgrades. Situated near local schools, shopping, Sweetwater Marsh National Refuge, and the I-5 and 54 freeways. All offers to be submitted on RPA (residential purchase agreement) Sewer: Sewer Connected Unit # for Unit 1: 137 Unit # for Unit 2: A Unit # for Unit 3: B Unit 1 Parking Spaces: 2 Unit 2 Parking Spaces: 2 Unit 3 Parking Spaces: 2 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: LL

FACTS / FEATURES

  • Built in 1958
  • Lot Size: 6,197 sqft
  • Cooling: None
  • Parking: 2 spaces total

for more information on this property, please fill out the form below

* required field
Listing Provided by Gregg Neuman, Berkshire Hathaway HomeService
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2022. 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.