About This Property

4 lot portfolio. 9 unit building with parking on a 12k SF lot produces $14.45k per month in actual rent. 3 platted lots sit on the same block, bringing the site to 30k SF / 0.69 acres under uniform 3000 Multi-Family General zoning. Actual rents $14.45k monthly $173.4k GPI. OpEx $19.3k. NOI $154.1k. Mix: two 2bed 2bath, two 2bed 1bath, four 1bed 1bath, one efficiency. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. Upgrades include: new roof, impact windows and doors, updated 220 electric, full sprinkler. Interior reno includes new tile, appliances, and cosmetics. Request the Offering Memo for additional information.

Key Features

• 30,000 SquareFeet Lot
• Built in 1961

Property Details

• Type: Single Family Home
• Year Built: 1961
• Lot Size: 30,000 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 30,000 SquareFeet Lot
• Feature: Built in 1961
• Status: Active
• MLS Number: 1191004431
• Days on Market: 12
• Listed By: Real Broker LLC · Richard M DiPietro
• Zip Code: 33034