20 bd · 10.0 ba · 5,182 sqft · $270/sqft · 0.96 acres
Residential Income · Multi Family · Built 1942 · 242 days on Properkey
Rare chance to acquire a cash-flowing 10-unit property with an adjacent vacant lot and city-approved plans to build 5 additional units. Property is currently fully rented with rents under market and clear upside through rent growth and future development.The included entitled lot allows for immediate expansion, with projected post-buildout income exceeding $200k+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.Seller will consider seller financing with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.Ideal for 1031 exchange buyers, value-add investors, or developers seeking current income with scalable upside.
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