Investment Opportunity – 4-Unit Apartment Building with Conversion Potential
This 4-unit apartment building offers strong investment potential, with the possibility of converting it into a 5-unit property. Currently, one unit has been combined to create a larger 2-bedroom space, featuring two HVAC units and two meters.
Before a recent move-in, we were able to photograph one of the units, which had been remodeled with new flooring, updated appliances, and a bathroom renovation. Three of the units have undergone some level of remodeling, blending modern updates with the charm of this historic building.
Property Highlights:
? One possible 2-bedroom, 1-bath unit with washer/dryer hookup
? Three 1-bedroom, 1-bath units
? Three A/C units replaced in 2024; remaining units are older
? Five electrical meters & four water meters (5th water meter can be added)
? Brick-lined cellar and crawl space beneath the building
? Original wood trim and historic architectural details in great condition
? Large lot with a detached garage that generates additional rental income