Description
The 2 properties, 702 and 708 N. 20th Ave., must be sold all cash as a package. Property Description: 702 N. 20th Ave. currently has 5 units although it is a legal 4plex. The current configuration is 2 (0/1) + 2 (1/1) + (2/1). Once converted the property will contain (1/1) + (0/1) + (2/1) + (2/2) for a total of 4 units. 708 N 20th Ave consists of 2 (2/2) Apts. Rents for both properties are under market. Due to the nonconforming use which has been tagged by the city, the asking price provides an astute investor the opportunity to acquire a value-add opportunity. Current PGI $82,620. Stabilized PGI $101,400. *********DOWNLOAD THE OM for all salient info regarding offer including income & expense, lease and comparable sale analysis.
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0BEDS
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0.28ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
The 2 properties, 702 and 708 N. 20th Ave., must be sold all cash as a package. Property Description: 702 N. 20th Ave. currently has 5 units although it is a legal 4plex. The current configuration is 2 (0/1) + 2 (1/1) + (2/1). Once converted the property will contain (1/1) + (0/1) + (2/1) + (2/2) for a total of 4 units. 708 N 20th Ave consists of 2 (2/2) Apts. Rents for both properties are under market. Due to the nonconforming use which has been tagged by the city, the asking price provides an astute investor the opportunity to acquire a value-add opportunity. Current PGI $82,620. Stabilized PGI $101,400. *********DOWNLOAD THE OM for all salient info regarding offer including income & expense, lease and comparable sale analysis.
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