$975,000
5
Beds
3
Baths
2,149
Living Area
-
Property Description
**Very unique investor opportunity to acquire 2 units**Formerly a single condo, this property was converted into two separate units and offers an exceptional value-add opportunity for experienced investors or developers. Unit 2 features a spacious 3-bedroom, 2-bath layout currently rented for $3,600/mon, while Unit 3 offers a 2-bedroom, 1-bath layout rented for $2,700/mon, producing $6,300/month in gross rental income. Units have been extensively renovated and feature modern finishes, central air conditioning, and have month-to-month tenants. The condominium conversion is substantially complete; however, the permitting process has not been finalized. Open permits remain, and a Certificate of Occupancy will not be delivered at closing. This property is being sold as-is and is best suited for investors experienced with permitting/condo conversions. Subject to bankruptcy court approval; please see all disclosures and contact the listing agent directly.
-
Highlights
- Cooling: Central Air
- HOA Fee: $600
- Property Class: Residential
- Stories: 2
- Unit Number: 2
- Status: Active
- Heating: Forced Air
- Parking Spots: 3
- Property Type: Condominium
- Total Rooms: 8
- Year Built: 1909
-
Additional Details
- Basement: N
- Total Number of Units: 3
- Year Built Source: Public Records
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Cd
-
Utilities
- Sewer: Public Sewer
- Water Source: Public
-
Fees / Taxes
- Assessed Value: $834,200
- Tax Year: 2025
- HOA Fee Includes: Water, Sewer, Insurance
- Taxes: $9,660
Similar Listings
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of LAER Realty Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.