Listed by M. Riccardi Agency Inc
$349,900
Large value add investment
Details
APN 09-00286-00002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,800
Price per SqFt $73
Broker Co-Op Yes
Year Built 1850
Year Renovated 2006
Buildings 1
Stories 2
Lot Size (SqFt) 16,988
Zoning VC
Parking Spaces 8 spaces
Parking Per SqFt 1.67
Investment Type Value Add
Ownership fee simple
5 unit Multifamily Super Buy
Marketing description
HURRY, HURRY, HURRY Big cash flow potential! Great value add Large 5 unit apartment building with 4 one bedroom units and 1 two bedroom unit in Historical Mansion with lots of charm and character. Needs work and currently vacant ready for rehab. Some improvements already made (roof, separate electric, concrete work, stone driveway, some flooring, etc). Owners are highly motivated to sell and looking for offers. Make your best deal for a really great buy!
Estimated cost to complete renovations $125-150K
1 Bedroom units in the area rent from $1000-1400/month
2 Bedroom units in the area rent from $1300-1800/month.
Investment highlights
high rental potential
High equity spread when completed
Listing Contacts
Listed by M. Riccardi Agency Inc
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