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Brokerage
Brokerage
1139 Granger
Active
$950,000

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Property Type
Multifamily
Units
2
SqFt
1,896
Price
$950,000
Price/Unit
$425,000
Year Built
1959
Market
Imperial Beach
Price/SF
$501
Cap Rate
3.42%
GRM
20.48
Unit Mix
(2) 2Bed/1Bath
Property Description
Duplex in Imperial Beach with recent capital improvements including new exterior paint, windows, hot water heaters, asphalt driveway, and fencing. Both units are oversized 2 bedroom / 1 bathroom layouts, each with a private yard and attached one car garage. The two garages share an adjoining wall, creating potential for a third unit through a garage/ADU conversion. Both units are currently tenant occupied. Approximately 42% rent upside on existing units with opportunity to renovate interiors upon unit turns and achieve market rents.
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