Priced to sell at 12.6 GRM and 5.5% Cap Rate! 237 Leavenworth is a concrete and steel building that was constructed in 1922. There are 23 studio units that are spacious and charming with hardwood floors and period charm. The units are separately metered for gas and electricity. Heat is supplied through wall-furnaces, and is paid for by the tenants. There are two very large storage areas at the ground-level that will be delivered vacant and may offer ADU potential. Under the same ownership for many years, this building has been extremely well-maintained and managed. The excellent tenant profile also helps provide a clean and quiet living environment. This is a truly turn-key asset with excellent cash-flow and upside. No retrofit required. Excellent financing available will provide 5% cash on cash return!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
