19-1-08-26-10-101-006.TOO - pt 19-1-08-26-02-201-023. This property has tremendous development potential. Located just off the I-255 / Route 143 exit ramp. Adjacent to Shop N Save, the head quarters of YTB Travel and the future home of Federico. All utilities are available. Easy access to interstate highways.
Investment opportunity - 10 townhouse units (2 bedroom, 1.5 bath) at 650-660 Charles and 1332-1338 Virginia - 5 units have been extensively remodeled with ceramic tile floors and six-panel doors, one unit under construction and 3 units with long-term tenants. 4-plex apartment building at 1320-1326 Virginia has 4 - 2 bedroom, 1 bath units already remodeled. Tenants pay all utilities. Rent varies from $500-$550. Rents are calculated on 11 months. All units have washer/dryer hook-up. Shingles, soffit, gutter on townhouse units new in '07. Buyer to verify all MLS data including but not limited to square footage, lot size, taxes, schools, etc.
This is a 2 building, 16 unit, all brick apartment complex. Each unit has 2 floors. Building 1 has a shared basement with laundry and shared storage for both buildings. There are 8-2 bedroom units and 8 1-bedroom units. All of the units include a living room, kitchen and a full bath. There are up to 32 off street parking spaces. Each unit includes a stove, refrigerator and disposal. There are several long term tenants with below market rents. In addition, there are several vacant units because of a lack of pressure to keep units occupied. Management is moving to freshen up and rent the remaining units at market rents. This is a good opportunity.
Age: 41-50 Years Old
Appliances: Garbage Disposer, Range - Electric, Refrigerator