Neighborhood of renovated buildings has proven rent demand
Lots of natural light
Open plan with exposed brick walls and beam construction
Warehouse conversion/renovation began in 2019, complete in Summer 2020
New windows, electric, plumbing, HVAC, kitchens, baths, en-suite laundry
OVERVIEW
Former industrial building converted to 14 Multi-Family units in 2020-21. Across the street from the "M" development on Roosevelt Avenue. Top finishes, desirable beam and brick construction, hardwood floors. Proforma attached to this listing.
6.8% CAP Rate
Portion of roof is new. The older portion will be replaced by owner prior to sale.