endless possibilities, multi-unit building
3 - 1 bedroom units
Four-story, three-unit building with 2-CAR PARKING PAD POTENTIAL has an enormous footprint of 19.5’x70’ and endless possibilities! Unit 1 (ground floor unit) is rented for $1,000/month (below market) and units 2 and 3 (located on the top 3 floors) are immediately rentable; the seller held off finding renters in case the buyer wants to redevelop the building into a grand single family residence. The buyer could also combine units 2 and 3 as a spacious owner’s unit and keep the tenant in unit 1 to offset the mortgage. Estimated total market rent without parking is $3,500/mo (unit 1 $1,200, unit 2 $1,000, unit 3 $1,300), and you can expect to add $100 per month in income for each parking space. Superb location on a tree-lined street just a block from O’Donnell Square shopping and dining!
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