Exceptional Investment Opportunity! Situated on 12,420 SF of A-2
zoned land, the property features four dwellings that have been
recently renovated—three duplexes and one fourplex—totaling ten
units. The fully hollow-tile fourplex consists of four 2-bed, 1-bath units,
while one duplex includes a 4-bed, 2-bath unit and a 2-bed, 1-bath unit.
Another duplex offers two 2-bed, 1-bath units and the final duplex
includes two 3-bed, 1-bath units. Currently rented well below market
value, this property offers incredible income potential. Designed for
efficiency, all units are separately metered for electricity, and a
coin-operated laundry room provides additional income. The property
also includes 18 parking stalls. All structures were built between 1934
& 2009. With Bill 7 incentives, there is potential to develop up to 120
units or utilize standard A-2 zoning for flexibility and redevelopment.
Whether you're looking to increase rental income, reposition the asset,
or hold for long-term appreciation, this property offers endless
possibilities. Buyers are advised to conduct their own due diligence and
verify zoning and development opportunities with the appropriate
experts.
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