60 Units I 3 Buildings I Uptown
Multifamily | 60 Units I 3 Buildings
Marketing description
• Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio
• Located on a 0.49-acre site totaling approximately 21,344 sf
• Corner of Lagoon & Humboldt, across from Lunds & Byerly’s, near The Lakes, and next to the Midtown Greenway Trail
• Longtime family-owned asset
• 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom.
• 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015)
• Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies
• Perfect 1031 Tax Exchange and Investment
• Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency)
• Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurants, retail, entertainment, parks, & transit
• Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.
• Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey, for more information, financials, and scheduling tours.
Investment highlights
Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey, for more information, financials, and scheduling tours at [email protected] and [email protected].
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