Description
This 16-unit apartment building is an excellent prospect to add to your investment portfolio. This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10 one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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6,490SQFT
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$233$/SQFT
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Listing courtesy of Bridge Realty, Llc.Description
This 16-unit apartment building is an excellent prospect to add to your investment portfolio. This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10 one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
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