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Property Description

Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $6786 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years… Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Owner may carry with 40% down. Shown ONLY with an accepted offer. All of the units have separate gas and electricity meters. Owner pays the water bill –averaging a total of $65 per month! Very low maintenance lot with nicely paved driveway and parking spaces, and very little landscaping to worry about. The 2-car garage has been partitioned, and is used by one tenant for laundry and storage, while the owner uses the majority of the garage space for personal storage. Do the same, or generate even more income by leasing out the garage. Note: The vacant lot behind the property is NOT part of the sale — it belongs to another owner.

Features
: natural gas
2
0
Additional Information
Berkshire Hathaway HomeServices California Properties
0
SAND-601338
SAND-68677
Gregg
5601312000
Two
32

Multi-Family For Sale

725 16th Street, National City, California 91950

$1,395,000
Listing ID #240012500SD
Basic Details
Status : Active
DaysOnMarket : 18
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 240012500SD
Price : $1,395,000
Lot Size : 6,342 Sqft
Year Built : 1959
Country : US
State : California
County : San Diego
City : National City
Zipcode : 91950
Subdivision : National City
ModificationTimestamp : 2024-06-20 11:13:27
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