Prime value-add investment opportunity in this brick three-story walk-up that has been completely gutted and is ready for a full-scale renovation, giving new ownership the flexibility to reconfigure floor plans and deliver modern, efficient units that meet today's renter demand. Priced attractively at just 20,830 per unit. Situated on a prominent corner lot, the building is ideally positioned to capture strong rental demand in the area, with estimated Section 8 voucher rents for 1-bedroom units ranging from 1,350 to 1,650 per month. Planned renovations will include a new roof, plumbing, electric, and all other major systems, providing peace of mind and minimizing future capital expenditures. With ample room to add value and maximize cash flow, this is a rare chance to acquire a solid brick building at a compelling basis and achieve exceptional returns.

Listing Courtesy of MRED as distributed by MLS Grid of Sperry Van Ness



Based on information submitted to the MLS GRID as of 2025-07-17 06:41 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-07-17 06:41 AM UTC
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