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Asking Price$1,700,000

  • Lot size 12500sqft
  • Taxes $13,693
  • Year Built 1926
  • Days on market:

    19 day(s)
  • Original Price:

    $1,700,000
  • Tax Legal Description:

    BUENA VISTA GARDENS PB 5-45 LOT 9 BLK 10 LOT SIZE 50.000 X 125 OR 19440-2317 01 2001 1 COC 23790-4393 07 2005 6
  • Tax Year:

    2021
  • Property Type:

    Commercial
  • Parking:

    Free ParkingCommon No Guest Parking
  • Construction Type:

    Concrete Block Construction
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall/Window Units
  • Special Listing Conditions:

    Sale

Description

$1,700,000

Value-add 7-unit multi-property investment. three buildings with 7-units total: 3/2 sfh, duplex with stacked 1 bed/1 bath, and a four-plex with equal sized 1 bed/1 bath units. cash flowing stabilized income, huge value-add opportunity, under-market rents with proforma to double income potential. also a chance to utilize section 8 to secure subsidized tenants with little-to-no vacancy. the sale includes two folios 5422 & 5434 nw 5th avenue. the units have gone through various updates including interior renovations gradually turning the units to a similar condition. gated premises with off-street parking for tenants. 40-year certification near completion.
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