$200,000 PRICE REDUCTION! First time on the market in decades: massive generational corner asset consisting of 14 units with almost 12,000 square feet of living space on over 33,000 square feet of land! Park-like campus consisting of 6 separate structures on 3 parcels fronting three residential streets. Excellent unit mix with 11 two bed, one bath units, 1 one bed, one bath unit, 1 two bed, one bath house, and 1 three bed, two bath house (currently configured as two units with connecting door). 11 out of 14 units updated with new kitchen cabinets, quartz counters, tile bathrooms, and vinyl plank floors. Ideal income profile at 13.4X gross on actual rents with a 10% true upside to 12.5X gross on market rents. Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under). 10 out of the 14 listed rents are based on an increase that applies on 10/1/22. Check OM for more detail.
|--||New Value: $4,300,000|
|8/12/2022 6:02:40 PM||New Value: $4,300,000|
|8/12/2022 6:02:40 PM||New Value: Active|
|7/22/2022 5:17:27 PM||New Value: Active Under Contract|
|6/22/2022 1:33:00 PM||New Value: $4,500,000|