Description
Back on market due to Buyer unable to secure financing. No faults on sellers. Improved pricing. Motivated seller. Shovel ready opportunity. This property includes two vacant 2-unit buildings on the same lot. Front building is two stories over craw space, rear unit is a 3-story building. Seller spent over 6 years to get vertical addition permit to convert front building into a 4-unit building, which will add one unit as basement, and one unit on top with a private deck. It's great for buyer to develop and later turn it into 6 TIC units or to keep it for high cashflow in this desirable location. Site permit pulled with approved plans, and structural plan has been submitted with a total of 1600+ sqft addition to front building. Rear building was majorly remodeled in 2006 with new foundation, new electrical, new bathrooms and kitchens.
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0BEDS
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0.05ACRES
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4BATHS
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01/2 BATHS
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3,122SQFT
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$785$/SQFT
School Ratings & Info
Description
Back on market due to Buyer unable to secure financing. No faults on sellers. Improved pricing. Motivated seller. Shovel ready opportunity. This property includes two vacant 2-unit buildings on the same lot. Front building is two stories over craw space, rear unit is a 3-story building. Seller spent over 6 years to get vertical addition permit to convert front building into a 4-unit building, which will add one unit as basement, and one unit on top with a private deck. It's great for buyer to develop and later turn it into 6 TIC units or to keep it for high cashflow in this desirable location. Site permit pulled with approved plans, and structural plan has been submitted with a total of 1600+ sqft addition to front building. Rear building was majorly remodeled in 2006 with new foundation, new electrical, new bathrooms and kitchens.
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