Irene Street Apartments
Listing was updated at: 08/16/2019
Property Overview
Price/Rent PSF $ 1,077,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 7,044
Date Available 08/16/2019
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Description

Location
The property is located just north of E Bearss Ave. between I-275 and Bruce B Downs Blvd.

Sale
KW Commercial is proud to represent Irene Street Apartments in Lutz, FL for Sale. This offering includes (2) quadplexes and (1) duplex for a total of (10) units. Each unit comprises a 2/1 configuration with roughly 705 SF. The Sale includes three parcels; addresses 2203, 2205, & 2207 Irene Street. All of the buildings had new roofs installed in 2018. Interior wise, 1 of the 10 units has been fully upgraded with granite countertops, new appliances and new bathroom features. Future ownership has the value add upside to renovate the remaining 9 units and increase rents to market rent of $950/month. New ownership may also elect to add an onsite laundry facility to increase income. For a full review of the Financial Offering, please sign the Confidentiality Agreement attached to the Initial Offering Memorandum and return to Broker.

Location