248 Orange Ave
Coronado, CA, 92118
$3,298,999
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0 Baths
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ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property’s appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** – Bathroom has been completely redone – New vinyl flooring throughout – Updated kitchen with new cabinets and quartz countertops **Apartment B:** – New hot water heater installed just one year ago – Upgraded kitchen featuring new quartz countertops and brand-new appliances – New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** – Fully renovated from top to bottom – Elegant bathroom with a tub and shower surrounded by marble tiles – New washer and dryer included – Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don’t miss out on this excellent opportunity!

Property Details

Price:
$3,298,999
MLS #:
240016295SD
Status:
Active
Baths:
0
Address:
248 Orange Ave
Type:
Residential Income
Subdivision:
Coronado Village
Neighborhood:
92118coronado
City:
Coronado
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
92118
Year Built:
1984
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248 Orange Ave
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