Value add opportunity with existing income in place. This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floor Barber shop has been in business for a long time. The second commercial space is available for lease which will provide available income. Great location with high traffic count on Burnside Ave. The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units. Off street parking available for 8 cars The in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.
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.
