Property History
Property Type
Property Type
Property Subtype
Marketing Description
This offering provides an opportunity to secure the note for four properties in foreclosure. The properties can be purchased for $2,850,000, significantly below the $4.33 million debt plus accruing interest. Upon acquiring the note, the investor may convert it into property ownership, providing potential for high returns through rehabilitation, repairs and lease-up, as well as wiping out the mezzanine debt.
Property renovation stands at 90% built, each with varying minor components to be completed. The total package consists of eight units— four two-bedroom and four three-bedroom apartments—with strong rental income potential once stabilized. Market data suggests that fully renovated two-bedroom units in the area can rent for around $2,800 to $3,200 per month, while three-bedroom units could command $3,500 to $4,000 monthly. This translates to a potential gross monthly income of $26,400 to $29,600 and an annual income of approximately $316,800 to $355,200 once all units are leased at market rates.
Investment Highlights
- Rental Income: No C/O, Construction Halted
- Buildings: 4
- Units: 8 (2 Units / Building)
- Unit Type: Four 2-Bedrooms, Four 3-Bedrooms
- Bedrooms: 20
- Bathrooms: 13
- Lot Dimensions: 90.59 X 80 X 120.9
- Potential Cap Rates at Asking: $2,850,000
- 11% @ $316,800 Annual Gross
- 12% @ $355,200 Annual Gross
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
R2 ResidentialSingle FamilySingle Family Detached Residence
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View all 99 uses
View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
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Contacts
Listing removed on
BY: Diamond Pillar
•••.•••.1310
evan@•••••••••••••••••••••••.com
Map
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