2905 East 12th Avenue
18 Tiny Townhomes Investor Pick up Development Project
Marketing description
Investor opportunity to pick up the project where the current owner left off. This multifamily/townhome redevelopment has already seen major improvements completed, including 18 renovated townhome-style units with new windows, roofs, flooring, walls, paint, efficiency-style kitchen sinks, hot water heaters, and studio layouts featuring private showers, toilets, and closets.
Property has been rezoned for multifamily/townhome use, and each unit sits on its own permanent foundation. New utilities have been installed allowing each unit to have separate meters. Additional large space on-site offers flexibility for an office, community room, or future laundry facility. Add some attractive landscaping and complete the final touches to maximize the property's potential.
Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information deemed important.
Investment highlights
Owner has experienced unexpected circumstances and is selling due to debt obligations. Please note the City of Sheffield will not issue Certificates of Occupancy for any units until the entire project is completed. Seller had units advertised for rent at $625 per month and has begun compiling a prospective tenant list. Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information deemed important.
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