114 Madison Ave - Apartments FOR SALE


Chula Vista, CA 91910- North Chula Vista
$2,099,000 USD
619-358-3748
114 Madison Ave, Chula Vista, CA for Sale
$2,099,000 USD
Apartments - FOR SALE
1/21
null | 4.56% Cap Rate

114 Madison Ave
Chula Vista, CA 91910
North Chula Vista


HIGHLIGHTS

  • (3) Single-Story 1BR/1BA Cottage-Style Units
  • (2) Rear 2BR/1BA Units
  • Private Yard Space for Multiple Units
  • Extensive Interior & Exterior Renovations
  • Strong Tenant Appeal
  • Turnkey Investment Opportunity

OVERVIEW

114 Madison Ave presents a rare opportunity to acquire a beautifully renovated 5-unit multifamily property in a desirable Chula Vista location. The property is comprised of (3) charming single-story 1BR/1BA cottage-style units and (2) spacious 2BR/1BA units situated at the rear of the property. The front 1BR/1BA residences offer a unique private-home feel with individual yards, attractive layouts, and strong tenant appeal. The rear 2BR/1BA units feature their own rear yard space, providing additional outdoor enjoyment and functionality for residents. Ownership has spared no expense in renovating the property, creating a highly desirable turnkey asset with thoughtful upgrades and strong curb appeal throughout. The improvements provide a clean, modern living environment while maintaining the property's inviting cottage character. New ownership will benefit from acquiring a well-maintained and extensively upgraded multifamily property in an established Chula Vista neighborhood with continued long-term rental demand and investment upside.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$828 USD /SF

# OF UNITS

5

PRICE/UNIT

$419,800

CAP RATE

4.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,885 SF

ZONING

-

APN/PARCEL ID

565-161-18

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

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