209-217 C Ave 5 Unit Apartment Building $3,295,000 ($659,000/Unit) 3.24% Cap Rate Coronado, CA 92118

It is a pleasure to present an ideally located five (5) unit multifamily property at 209-17 C Avenue in Coronado. Just two blocks from the Ferry Landing, this property has been well-maintained by current ownership (for 30+ years), with two units having undergone major renovations, and the others ripe for modernization. The unit mix consists of three (3) 2BR/1BA units downstairs, each with a generous private enclosed patio, and two (2) spacious 2BR/2BA units upstairs in the back (near the alley), with a large private balconies and views to downtown San Diego. In addition to a common laundry room, a nicely manicured common lawn in front, and tasteful perimeter landscaping, there are five (5) surface off-street parking spaces, three of which are covered, and one of which may be used as a tandem (2-vehicle) space.
Contact exclusive agent Joseph Burrough of Palma Commercial for more details, including to request an OM. Please do not go onto the property or disturb the tenants. Units can be shown with accepted/acceptable offer and POF.