Description
Converted to residential without City permission or permits. 7-11-2019 City granted variance (see attached) as follows: one 3,000 sf residential unit upstairs and a small residential studio downstairs (approx. 500 sf). Remaining ground floor and basement space (approx. 4,000 sf) to be used as small commercial work space. Pre-pandemic, pre-variance rent was $17,500. Current rent $13,000 gross. Ground floor/ Basement tenant pays $6,000 and upstairs tenant pays $7,000. Tenants split utilities among themselves. Not separately metered. Tenants are mo-to-mo and non-conforming because variance has not been implemented. Variance and plans used to obtain variance are attached. Many options for new Buyer including returning property to current permitted warehouse use. Owner wants quick, all-cash, as is sale, with Tenants in place. Buyer will not be able to obtain conventional financing due to the current non-conforming use.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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3,000SQFT
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$532$/SQFT
School Ratings & Info
Description
Converted to residential without City permission or permits. 7-11-2019 City granted variance (see attached) as follows: one 3,000 sf residential unit upstairs and a small residential studio downstairs (approx. 500 sf). Remaining ground floor and basement space (approx. 4,000 sf) to be used as small commercial work space. Pre-pandemic, pre-variance rent was $17,500. Current rent $13,000 gross. Ground floor/ Basement tenant pays $6,000 and upstairs tenant pays $7,000. Tenants split utilities among themselves. Not separately metered. Tenants are mo-to-mo and non-conforming because variance has not been implemented. Variance and plans used to obtain variance are attached. Many options for new Buyer including returning property to current permitted warehouse use. Owner wants quick, all-cash, as is sale, with Tenants in place. Buyer will not be able to obtain conventional financing due to the current non-conforming use.
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