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!
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.
