Gorgeous Midtown investment opportunity. Originally a 4plex res/commercial income property w/large parking lot. The 3,600SF, 2-story bldg is 100% leased to 3 office tenants. The generous 6,400SF parcel of land in Midtown accommodates 14 parking stalls and/or the potential for infill development. Attractive fully leased income producing investment with potential for the second floor (1,800SF) could be made available for owner-occupant. Further, the property is an interesting residential conversion opportunity as it was originally built as a four-plex and still boasts residential finishes and layout. The Property, zoned R3A, would allow a multi-family conversion by right; however, the Property is currently grandfathered into an office use. Lastly, the Property features fourteen (14) on-site parking stalls, a valuable amenity in the Midtown submarket. The Property is being offered at 4.12%CAP or $1,229,000.
|--||New Value: $1,229,000|
|6/19/2020 2:17:00 PM|