736-746 E Ave 6 Unit Apartment Building $5,602,729 CAD ($933,788 CAD/Unit) 3.98% Cap Rate Coronado, CA 92118

Presenting a highly coveted six-unit multifamily asset, ideally situated in Coronado, just steps from Coronado High School, within close proximity to beaches, bays, parks, and a wide array of shops and restaurants.
The unit mix consists of: Two (2) 2-bedroom/2-bathroom units; and Four (4) 3-bedroom/2-bathroom units, averaging +/-1,081 SF each (across all units). There are five (5) surface off-street parking spaces, as well common area laundry equipment.
Units are separately metered for gas and electricity, and each unit has its own water heater. There is a common lawn in front, perimeter trees/shrubs, as well as several bike storage areas around the property. Well built with pitched (hip) roofs across both two-story buildings, the front building rests on an elevated foundation, and its units have wall or floor heating. The rear building is built upon a concrete on grade (slab) foundation, and features central heating.
While several units have been updated with vinyl plank flooring, ceiling fan/light fixtures, and renovated bathrooms in some cases, the astute multifamily investor may choose to pursue a comprehensive modernization sufficient to justify upper market rents for the area, given the superb Coronado location and generous unit sizes.
Contact exclusive listing broker Palma Commercial via agent Joseph Burrough for more details, at 858 352-6742, including to request a full Offering Memorandum, additional imagery, et al. Please do not go onto the property or disturb the property residents. Some units may be shown with acceptable offer and proof of funds, although we intend to keep foot traffic to a minimum, out of respect for the tenants' right to privacy during the process.