Description
Prime 18th Street Mixed-use building with numerous updates including 400 amp electric in front building, new 100 amp service in Coach House, new porch completed with permits, newer chimneys with liners, newer heating and hot water units and partial tuck-pointing. The units feature nicely sized 1 bed/1 bath units and a large duplex into the attic unit with 5 bedrooms and 2 baths. The coach house in the rear is approximately 700 SF. There is a nice outdoor patio for tenants to enjoy and the basement has a nice ceiling height and is currently leased at $450 per month. Unit 2R has in-unit laundry and a nicely updated bathroom. Ownership can not confirm the legality of the 6th unit. Tons of value-add in this property as ownership has been paying gas for all tenants which can easily become a tenant paid expense upon lease renewals. Real Estate Taxes have not been contested and increased by 74%. New assessed value is well above current asking price and can easily be contested and reduced upon completion of sale.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime 18th Street Mixed-use building with numerous updates including 400 amp electric in front building, new 100 amp service in Coach House, new porch completed with permits, newer chimneys with liners, newer heating and hot water units and partial tuck-pointing. The units feature nicely sized 1 bed/1 bath units and a large duplex into the attic unit with 5 bedrooms and 2 baths. The coach house in the rear is approximately 700 SF. There is a nice outdoor patio for tenants to enjoy and the basement has a nice ceiling height and is currently leased at $450 per month. Unit 2R has in-unit laundry and a nicely updated bathroom. Ownership can not confirm the legality of the 6th unit. Tons of value-add in this property as ownership has been paying gas for all tenants which can easily become a tenant paid expense upon lease renewals. Real Estate Taxes have not been contested and increased by 74%. New assessed value is well above current asking price and can easily be contested and reduced upon completion of sale.
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