725-731 E 16th St, National City, California, United States

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Home For Sale

$1,395,000

725-731 E 16th St
National City, California, United States

6bd 4ba

Listed By: Realtyww Info

Listed On: 08/16/2024

Listing ID: GL11595680 View More Details

Description

Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $6786 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years Looking for even MORE INCOME? Buyer MAY be able to convert the garage into an ADU/5th unit. Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Owner may carry with 40% down. Shown ONLY with an accepted offer.

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Listed by: The Neuman Team, San Diego Real Estate Agents