2013Magnolia

 

PRICE REDUCED!  A MUST SEE !  A great opportunity for any Developer or Investor. A Huge R3 lot – 14,000 sf may allow a new, deluxe apartment building conversion of up to 17 Units ( 2 Beds/1300sf ) with 34 + 5 (Guest) parking.  OR, the owner has recently had everything remodeled (with permits), including but not limited to Floorings, Kitchens and Bathrooms. There are 3 properties ( main, second and a small guest house ) on the lot.  The main house has 2 spacious units rented for $2500/mo each. The first floor unit is approx 2500 sf + 1880 sq basement.  The top floor unit is approx 2,500 s.f. + 750 s.f. in attic .  The second house is 2 storied with about 1420 s.f.  It has 4 bdrms/1.5 bath and currently rents for $1600/mo .  A small guest house, approx 246 sf, was previously used as laundry room, and is currently renting (un-permitted) at $600/mo.

Legal use of this property is as a DUPLEX . Entire property shall be ready to be delivered vacant, if required for new construction.

Location