This beautiful building has one loft 95% complete and this building would be an incredible project for an owner occupant! Let one unit pay the mortgage and the other 2 rentals are pure profit! Originally the home of Mostowy Hardware on Polish Hill business district, this multi unit is ready for someone to finish it out! Most of of the heavy lifting and all corrective structural work has been completed to this point. The project is to the point that it's just installation now in one of the units. Plans have been laid to create 2-3 large loft units of approximately 1500 sf each. Views from the building are stunning with sweeping vistas all across the river valley. Renovated, single-family homes in the neighborhood are selling betwee $300-400K. A finished multi-unit of this magnitude is certain to fetch $5000-6000/month in total rental income. The easiest access to anywhere in the city! Current finished appraisal for the building is estimated at $495K! This is a retailers dream! It has 2 street facing facades and the beginning ground work has been laid with the rear facade being removed and rebuilt last year! The URA dubbed the building "The House on the Hill" as one of the best transformations seen in 2016. The building also boasts a new roof (not pictured here).
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.
