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    581 N Midway Dr

    Escondido, CA 92027
    • $725,000
    • STATUS: ACTIVE
    • ON SITE: 46 days
    • ID#: 200043231
    UPDATED: 17 min ago
    $725,000
    • 6
      BEDS
    • 0.25
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,350
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Cash Flow, Cash Flow, Cash Flow! Rare opportunity to acquire this DUPLEX, on a massive 10,903sf lot w/ room to add an ADU or two. Renovated in the past 10 years, this gem of an investment property offers tons of upside potential. Current configuration is a 4 bedroom/2bath unit, and a 2 bedroom/1 bath, this property will generate a massive CAP whether paying cash or securing financing, and adding an ADU or 2, would send this investment soaring. Aggressively priced to sell. Call today for more info. Incredible opportunity to own an amazing DUPLEX on a HUGE LOT with 10, parking spots! This Mid-Century Style property in beautiful, E Escondido has endless possibilities. Unit A is a RARE 4B/2BA with living, dining, & kitchen downstairs & 4B up. Unit B is a very private 2B/1BA with patio, separate entrance, & HUGE private side yard. Lot size 10,903 sqft! New roof in 2018. Low expenses. A perfect income property for Hands Off Cash Flow, OR owner occupant who wants a helper unit to help pay their mortgage!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.themarellygroup.com/homes/109732815
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    581 N Midway Dr Escondido, CA 92027

    • Price: $725,000
    • Status: ACTIVE
    • Updated: 17 min ago
    • ID#: 200043231
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.25
    Acres
    2,350
    SQFT
    $309
    $/SQFT
    1957
    Built
    Neighborhood:
    Midway
    County:
    San Diego
    Area:
    Escondido (92027)
    Property Description
    Cash Flow, Cash Flow, Cash Flow! Rare opportunity to acquire this DUPLEX, on a massive 10,903sf lot w/ room to add an ADU or two. Renovated in the past 10 years, this gem of an investment property offers tons of upside potential. Current configuration is a 4 bedroom/2bath unit, and a 2 bedroom/1 bath, this property will generate a massive CAP whether paying cash or securing financing, and adding an ADU or 2, would send this investment soaring. Aggressively priced to sell. Call today for more info. Incredible opportunity to own an amazing DUPLEX on a HUGE LOT with 10, parking spots! This Mid-Century Style property in beautiful, E Escondido has endless possibilities. Unit A is a RARE 4B/2BA with living, dining, & kitchen downstairs & 4B up. Unit B is a very private 2B/1BA with patio, separate entrance, & HUGE private side yard. Lot size 10,903 sqft! New roof in 2018. Low expenses. A perfect income property for Hands Off Cash Flow, OR owner occupant who wants a helper unit to help pay their mortgage!
    Exterior Features

    Boat Facilities No/Unknown Exterior Stucco Fencing N/K Parking For RV Potential Space Parking Non Garage Desc Unit1 CarportGuest Parking Parking Non Garage Desc Unit2 CarportGuest Parking Roof Tile/Clay Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2 View CityEvening LightsMountains/Hills

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1

    Property Features

    Actual Cap Rate 4.5 Age Restrictions Other/Remarks Annual Expense Actual 9000 Annual Expense Projected 9000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Payment Freq Other/Remarks Community East Escondido Complex Features Other/Remarks Complex Park None Cross Streets Washington Gross Rent Multiplier Actual 17.0 Gross Rent Multiplier Project 14.0 Gross Scheduled Income Actual 41400 Gross Scheduled Income Project 53400 Home Owners Assoc Fee Includes Other/Remarks Home Owners Assoc Payment Freq Other/Remarks Home Owners Fees 0.0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 44400 Other Fee Type Other/Remarks Other Fees 0.0 Other Fees Payment Frequency Other/Remarks Other Income Actual 0 Pets Yes Projected Cap Rate 6.0 Sales Restrictions Call Agent Security Other/Remarks Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 2850.0 Unit1 Rent Actual 2050.0 Unit2 Deposit 1100 Unit2 Occupied Tenant Unit2 Projected Rent 1600.0 Unit2 Rent Actual 1400.0 Zoning R-2

    Listing provided courtesy of Keller Williams Carmel Valley. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003