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Previous Description:
Welcome to your next investment opportunity! 8.7% Proforma after rent stabilization. This six-unit multifamily property sits on over 3/5 of an acre, 6900 sq ft of living space, boasting high-density residential RM4 zoning, presenting a myriad of possibilities. The main highlight is the expansive 8-bedroom, four-bathroom house spanning 3000 sq ft, ideal for Residential Care Facilities for the Elderly (RCFE) or converting to six one bedroom unit for additional income. Additionally, there are four 1-bedroom, 1-bathroom units, offering cozy living spaces for individuals or couples. A modular 4-bedroom, 2-bathroom home adds to the diversity of the property. With its modern amenities and ample space, it complements the existing structures. The expansive lot size allows for future expansion or development, making it an attractive prospect for investors. Located in a desirable area with convenient access to amenities and transportation, this multifamily property presents an enticing investment opportunity. Don't miss out on the chance to own a versatile and lucrative asset in a thriving community. Schedule your viewing today and unlock the potential of this remarkable property!
Updated Description:
Welcome to your next investment opportunity! 8.7% Proforma after rent stabilization. This six-unit multifamily property sits on over 3/5 of an acre, 6900 sq ft of living space, boasting high-density residential RM4 zoning, presenting a myriad of possibilities. The main highlight is the expansive 8-bedroom, four-bathroom house spanning 3000 sq ft, ideal for Residential Care Facilities for the Elderly (RCFE) or converting to six one bedroom unit for additional income. Additionally, there are four 1-bedroom, 1-bathroom units, offering cozy living spaces for individuals or couples. A modular 4-bedroom, 2-bathroom home adds to the diversity of the property. With its modern amenities and ample space, it complements the existing structures. The expansive lot size allows for future expansion or development, making it an attractive prospect for investors. Located in a desirable area with convenient access to amenities and transportation, this multifamily property presents an enticing investment opportunity. Don't miss out on the chance to own a versatile and lucrative asset in a thriving community. Schedule your viewing today and unlock the potential of this remarkable property!
