Description
This CMX3-zoned 2700sqft rowhome with an unfinished basement presents a lucrative investment opportunity, featuring a first-floor commercial unit with a pro forma rental rate of $2,000 per month, along with FOUR legally zoned one-bedroom residential units upstairs, each offering rental potential between $1,000+ per month. While structurally as verified by a structural engineer which the bone still in a good shape, but the property does REQUIRE a FULLY RENOVATION. Located in an OPPOTUNITY ZONE, it provides potential tax-deferred benefits and a higher ROI. The area is also seeing significant improvement initiatives led by HUD. This property will be available soon, and only cash or construction loans will be accepted. Showings are by appointment only, FLASH LIGHT is needed, please with additional time needed for seller response while seller travel internationally. Please do your own due diligent for the reno cost. Apts have different entrance with the commercial space.
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Neighborhood & Market Insights
This property is 51.7% below the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
159.2% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
