3671 Madison Avenue

San Diego CA 92116

5139 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Massive Cashflow Advantage: Seller offering full 2-1 interest rate buydown credit! 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. Central heat and air conditioning. Each unit has own washer/dryer. Separate utility meters for gas and electricity. Water metered electronically for each unit. One unit is rented month to month and the other has a lease expiring 8/31/2026. 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.

Features

4 bedrooms

2 bathrooms

5139 sq. ft. lot size

Multi-Family

Property history for 3671 Madison Avenue

2022

Sold

$1,355,000

24 Jun 2022 by Jennifer Ross, of Coldwell Banker Realty

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