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Property Overview

Price/Rent PSF $ 1,200,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available Inquire
Date Available 09/24/2022
Additional URL Link
Parking 19
Floors 3
Building size 17600
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Description

Location
NWC of Lake Ave and Driving Park Ave.

Sale
Value add opportunity available! This 18-Unit brick exterior apartment building has been maintained well during its ownership, including vinyl windows, boiler system, roof, and more. The property will be sold with a fresh C of O at closing. Located on the corner of Lake Ave & Driving Park Blvd allows easy access to public transit, Maplewood Rose Garden, and shopping. The pro forma is based on rent projections. Currently, this property has a high vacancy rate. The tenants that are there pay their rent and are current. The owner has managed this building for many decades and will retire. Seller finance is available, and proof of funds will be required before any tours.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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