Ericksons Properties For Sale
Bed size (All)
MLS# A11556602
N/A
Beds
N/A
Baths
5,469
SqFt
17.7% Increase (+$300,000)
N/A
Garage
$366
$/SqFt
Welcome to a unique value-add opportunity nestled in the heart of the historic and fast-paced overtown neighborhood. This mixed-use multifamily property boasts two buildings: a six-unit residential complex and an accompanying grocery store with additional units, offering a blend of convenience, history, and urban charm.
Guillen and Associates Real Estate Consultants, In
MLS# A11469018
N/A
Beds
N/A
Baths
3,528
SqFt
1.6% Decrease (-$25,000)
N/A
Garage
$446
$/SqFt
This is a 8 unit a prime opportunity: 8 one-bedroom, one-bath apartments in overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) each unit features separate water and electric meters, as well as wall-mounted ac units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.
New World Realty Group Inc
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Scores
Walk Score®
Very Walkable. Most errands can be accomplished on foot.
86
100
Transit Score®
Excellent Transit. Transit is convenient for most trips.
87
100
Bike Score®
Very Bikeable. Biking is convenient for most trips.
75
100
Sound Score®
Very loud.
63
100