Description
Neighborhood allure in the heart of the city. Situated at the end of a secluded street, this 20-unit complex encompasses four tenant buildings, a large garage, private parking lot, and lots of green space. Unit mix is (8) 1-bedroom and (12) 2-bedroom, with each unit featuring large bedrooms. Current rents are below market value with many long-term tenants. Additional value add opportunities include parking fees and converting the large garage into tenant storage. Garage is currently rented to a nearby contractor at $200/month. All units are separately metered. Each building offers a laundry room for additional income. Close proximity to New Scotland Ave businesses and restaurants--includes a private path to neighboring commercial spaces! Updates and financials in documents.
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32BEDS
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0.7ACRES
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20BATHS
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01/2 BATHS
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7,992SQFT
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$338$/SQFT
Description
Neighborhood allure in the heart of the city. Situated at the end of a secluded street, this 20-unit complex encompasses four tenant buildings, a large garage, private parking lot, and lots of green space. Unit mix is (8) 1-bedroom and (12) 2-bedroom, with each unit featuring large bedrooms. Current rents are below market value with many long-term tenants. Additional value add opportunities include parking fees and converting the large garage into tenant storage. Garage is currently rented to a nearby contractor at $200/month. All units are separately metered. Each building offers a laundry room for additional income. Close proximity to New Scotland Ave businesses and restaurants--includes a private path to neighboring commercial spaces! Updates and financials in documents.
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