About 248 Orange Ave
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!
Features of 248 Orange Ave
MLS® # | 240016295 |
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Price | $3,298,999 |
Bedrooms | 7 |
Bathrooms | 4.00 |
Acres | 0.00 |
Year Built | 1984 |
Type | Residential Income |
Status | ACTIVE |
Community Information
Address | 248 Orange Ave |
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Area | CORONADO (92118) |
Subdivision | Coronado |
City | CORONADO VILLAGE |
County | San Diego |
State | CA |
Zip Code | 92118 |
Amenities
Amenities | BBQ, N/K |
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# of Garages | 4 |
View | N/K |
Is Waterfront | No |
Has Pool | No |
Pool | N/K |
Interior
Heating | N/K |
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Cooling | N/K |
Fireplace | No |
# of Stories | 2 |
Exterior
Exterior | Stucco |
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Lot Description | Alley Access, Sidewalks, Street Paved |
Roof | Composition |
Additional Information
Date Listed | July 12th, 2024 |
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Days on Market | 110 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Coldwell Banker Realty |
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