Description
Value add opportunity with existing income in place.This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floorBarber shop has been in business for a long time.The second commercial space is available for lease which will provide available income.Great location with high traffic count on Burnside Ave.The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units.Off street parking available for 8 carsThe in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.
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0BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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4,768SQFT
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$126$/SQFT
School Information
Description
Value add opportunity with existing income in place.This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floorBarber shop has been in business for a long time.The second commercial space is available for lease which will provide available income.Great location with high traffic count on Burnside Ave.The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units.Off street parking available for 8 carsThe in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.
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