$2,200,000

About This Property

Many possible opportunities for redevelopment. Property has DC-2 zoning. Currently operated as a 12 unit apartment building with two vacant adjoining lots. Four 1 bedroom units and eight studio units. All units have full kitchens. 1 bedroom units lease for $650 and should be leasing for $1000 plus per month and studio units lease for $550 to $625 per month and should be at $700 per month. All current leases are month to month, but most of the tenants have been long term occupants. Roof was replaced in 2020 and central air has recently been installed in two of the 1BR units. Electric has been updated and each unit is metered separately. Plumbing has also been updated. There is an alley right of way behind the property that runs parallel to the overpass. Many new residential developments in the immediate area. Only a few blocks North of the Central Avenue Edge District.

infoProperty Details

Property Type

Commercial Sale

Year Built

1925

Living Area

5,411 sqft

Lot Size

0.36 acres

Bathrooms

0

Ownership

Corporation

Days on Market

159

List Date

Oct 11, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

RE/MAX METRO

727-896-1800

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