INVESTORS' DREAM!!! NEW ON THE MARKET! This property not only includes the 10-unit apartments, but you also get a vacant lot across the street which has unlimited opportunities AND a 4000 square foot building on the corner at 3046 Fairwest Place which used to be a police sub-station. This is a tremendous opportunity for the serious investor due to the potential gross income. Pro-forma rents on Section 8 could be as much as $84000/year when all units are rehabbed and leased. The 24-unit complex next door just sold for $650000 which was $27000/unit. And the price for this property is $27500 per unit but you get the extra building and the vacant lot. The property is 1/2 mile from the new Charter school system that is expected to open next Fall and is close to other schools and churches. Don't let this multi-family investment get away!
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