4624 51st
SOLD
4624-26 51st
Talmadge
$1,175,000
Property Description
Featuring three homes on one lot in the highly desirable neighborhood of
Talmadge. Superior unit mix, rarely available in the community. All homes
have private yards, patios, storage sheds, parking and laundry. Property
has been well maintained and updated extensively under current
ownership. All homes were fumigated in past two years. Two water meters
on the lot. Possibility of selling townhouse separately. Great opportunity
for investors or owner-occupants to offset mortgage payments by living in
one and renting other two!!!
The 3BR / 2BA front house is appx. 1,100 SqFt. It features a front lawn
and succulent garden, private driveway and storage shed, W/D in unit, and
a covered patio leading out to a private back yard. Extensively remodeled
including but not limited to roof, windows, flooring, interior paint, and
appliances.
The 3BR / 2.5BA two-story townhome is appx. 1,400 SqFt and was built in
1986. It features an attached two-car garage and an additional off-street
parking space. A covered patio leads to the private back yard. Numerous
upgrades over past few years include but are not limited to roofing,
windows, flooring, lighting, interior/exterior paint, and appliances.
The 1BR / 1BA cottage is appx 420 SqFt. This was a garage conversion
prior to current ownership. It has one off-street parking space in front of
the unit. A well landscaped private backyard featuring a Podocarpus tree,
storage shed, and covered patio give the unit a very secluded feel. The
cottage features a skylight and ceiling fans. Upgrades include but are not
limited to new roof and solar attic fan, interior paint, electric heating and
cooling system and private laundry.
Contact Agent
Eric Feldman
619-846-2383
Investment Summary
Property Location
SOLD
$1,175,000
Property Type
Multifamily
Price/Unit
$416K
Units
Unit Mix
3
3bd/2.5ba + 3bd/2ba + 1bd cottage
Price/Sq Ft
$476
NOI
$75,000
CAP
GRM
Sq Ft
Current
4.3
16.5
Imp
2,623
Year Built
1986
4624-26 51st
Proforma
5.2
14.4
Land
6,637


























