STATUS: ACTIVE,
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MLS #: A10660266, LOT DIMENSTIONS: 50x140, TAX YEAR: 2018
Art Deco District central location - RE1 zoning - two floors building - 16 studios Building 7,000 sq. ft. MULTIFAMILYBEFORE RENOVATION GI $ 175,860 - NOI $ 59,786 avg lease 915 $ CAP RATE 2.14%AFTER RENOVATION GI $ 259,200 - NOI $ 143,306 avg lease 1,350$ CAP RATE 5.12%AFTER OBTAINING SHORT TERM LICENSE CAP RATE 9.63%
AMENITIES: FENCED, LESS THAN 1 ACRE, PUBLIC SEWER SERVICE, PUBLIC WATER SUPPLY, TV CABLE AVAILABLE,
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