VALUE ADD 12-unit property includes a residential community feel with a combination of single-family residences and duplexes, with each unit having its own private fenced back yard, assigned covered parking, storage locker, and washer and dryer hook ups in every unit! This property consists of all 3 bedrooms and 1 or 1.5 bath homes. With such a large property, there is also a nice large owner storage building included with the sale. The property has highest density R-3 zoning which allows for many more units that is currently on the property, providing opportunities for both expansion and redevelopment within this 1.81 acre property. Centrally located with a public transit bus stop 1 block away. This large property spans to additional access and parking from 1305 King Street on the south side. In addition, the current rents on some of the units are low compared to market rents, giving a new owner the opportunity to raise income.
This is one of three properties in a 45 unit portfolio that are all located in close proximity to each other and which can be purchased separately or as a package.