Sold!! Stylish Multi-Unit in Trendy Normal Heights

In Escrow in one week!! Contact Adam: 858-761-1707 to get your property sold.

Great opportunity for investors and owner occupants alike!  Charming Front house is a 2 bed, 1 bath, 863 sq ft. Front house has recently upgraded bath and, kitchen upgraded about 5-10 years ago, is open to dining and living area. 2 Back units are identical 1/1 units, 560 sq ft w/private back patios. There is a 2-car garage and driveway that fits 2-3 cars.  Both back units have their own washer/dryer & front unit has hook-ups in garage. Front house has a fenced front yard with new landscaping. Backyard was opened up to be an inviting common area with covered bar, sitting area, deck, fireplace and small yard. Roof is newer, too. Rents total $5150 currently, but could easily be raised $500/month more. Some Tenants month-to-month, so an owner occupant could buy and move-in 60 days later, but keep 2 tenants to pay the mortgage. Current Cap rate of 5.7% & projected 5.9% for investors!

    Property Features: 4447-49-51 Cherokee Ave

  • Property Type: Multi-Unit
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1,983
  • Price: $899,000 - 949,000
  • Lot Size: 6012
  • Year Built: 1939
  • Number of Units: 3
  • Gross Yearly Income: $61,800
  • Operating Income: $50,800
  • Gross Rent Multiplier: 14.6
  • Cap Rate: 5.7
Inquire about this home Call Now
Recently Sold 4656 Hidalgo ave

Single-Story Bay Ho Home - Sold!!

Call Adam, your local bay ho neighbor, to sell your home: 858-761-1707.   Exceptionally maintained and upgraded single-story home on a large flat lot in Bay Ho! Upgraded kitchen...

Recently Sold

Sold! Affordable & Turnkey in Mission Valley

Excellent value on this mostly upgraded 3 bed, 2 full bath end-unit first floor VA Approved condo in Mission Valley. Central to everything San Diego has to offer & walkable ...

Recently Sold

Scripps Ranch Twinhome - Sold!

Sold! Contact Adam to get your home sold: 858-761-1707 Excellent value on a twinhome that lives like a detached home for less!  Modern layout and amenities such as 10 ft ceil...