Shangri-La: A Rare Multi-Family Opportunity with Growth Potential
Kocour Company is proud to offer this unique investment opportunity in the dynamic Sunnyslope community. Shangri-La is a beautifully preserved 1940’s property, thoughtfully renovated in 2019, consisting of 8 units across 4 buildings:
• Two individual homes
• Two residential buildings offering 6 studio apartments
The property spans .46 acres across two parcels and features 18 parking spaces (2.3 per unit), supporting both current residents and future expansion.
What makes this offering stand out is the significant value-add upside:
• Add More Units – Capitalize on infill development trends by expanding the property footprint.
• Revenue Enhancements – Increase rents, implement RUBS, and add laundry services.
• Prime Location – Steps from the Grand Canal and surrounded by popular, expanding restaurants such as O.H.S.O, Little O’s, The Vig, Little Miss BBQ, Timo Wine Bar, and Sushi Friend.
Sunnyslope is undergoing a major revitalization fueled by adaptive reuse and new development. Shangri-La sits at the center of this movement, offering investors a rare opportunity to acquire a stabilized, renovated asset with strong upside.
We are motivated and ready to transact. With existing income, expansion potential, and rising demand in Sunnyslope, this is the kind of investment that rarely hits the market.
• Expansion Potential – Opportunity to build additional units on existing land.
• Revenue Growth – Raise rents, implement RUBS, and monetize laundry services.
• Market Momentum – Located in Sunnyslope, a community undergoing rapid revitalization with surging demand for modern housing.
• Tenant Appeal – Surrounded by popular new restaurants and amenities: O.H.S.O, Little O’s, The Vig, Little Miss BBQ, Timo Wine Bar, Sushi Friend, and more.
• Stable & Scalable – Fully renovated in 2019 with existing cash flow and long-term upside.