505 E 4th St - Multi-Family FOR SALE


National City, CA 91950
$879,999 USD
619-701-6797
505 E 4th St, National City, CA for Sale
$879,999 USD
Multi-Family - FOR SALE
1/38
null | 3.89% Cap Rate

505 E 4th St
National City, CA 91950


HIGHLIGHTS

  • Fully renovated 4BR 2BA home featuring a brand new roof, full ABS plumbing upgrade, electrical upgrades, new solar (paid), and much more!
  • Not a flipper lipstick deal! All upgrades done meticulously through permits and city inspections, with final sign off
  • Permit Ready plans included in sale to build two new construction 3BR 3BA units which will add tremendous new equity to the property
  • Once constructed, projected underwriting yields roughly $700,000 of new equity for a buyer to capture (see enclosed)
  • Perfectly suited for any owner occupant (FHA, VA, conventional) buyer, as well as an investor looking for a turnkey property with HUGE upside
  • Amazing National City location just 10 mins to downtown San Diego, and 6 mins to the tremendous National City Bayfront development project

OVERVIEW

Move-In Ready home plus Permit Ready 2 unit Development! The Browar Group is honored to present for sale this lovely, no-expense-sparred Craftsman redesign and to the studs remodel, with an incredible opportunity attached to it. Boasting a modern open floor plan, the home features 4 large sized bedrooms, 2 bathrooms, and all the bells and whistles such as in unit laundry, central HVAC and off street parking via a single car garage. The owners have, ALL WITH PERMITS, enhanced nearly every inch of this property and the shopping list of upgrades is any buyer's dream to read. And that isn't even the best part, as the owners hold permit ready plans to add TWO new construction 3BR 3BA units in the back, on top of three new garages! The plans come with the sale; all a buyer needs to do is pay permit fees and they are off to the races towards creating a substantial amount of equity and profit in the property. Please see enclosed marketing package for all the info you will need to be sold on making this home yours today! Buyer to verify all herein is accurate and true. CALL FLORIAN SIGHE FOR MORE INFORMATION AND TOURS: 619-894-3030 | florian@thebrowargroup.com

FOR SALE DETAILS

PRICE

$879,999 USD

PRICE/SF

$677 USD /SF

# OF UNITS

1

PRICE/UNIT

$879,999

CAP RATE

3.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

505 E 4th St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

556-123-13-00

ASK ABOUT THIS PROPERTY

Josh BrowarThe Browar GroupMore Info
619-701-6797

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Josh BrowarThe Browar GroupMore Info
619-701-6797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.