We get asked quite often for larger multi-unit properties, so today we’re headed Northwest of downtown to Forest Park neighborhood for just that. Here we have a large four story property zoned for 4 units that we’re excited to complete just for you. It sits in a quiet and mature area and will be an excellent income producing asset for decades to come.
This property has already been gutted to the historic shell and most of the new framing, electrical, plumbing, windows, and HVAC is already installed. ie: we have already taken out all the guess work with “What’s behind the walls?”
The completed four-unit structure will host eight bedrooms and four baths and will be brand new from the historic shell in, with an after renovation value of ~$650,000.
Acquisition of the shell will be $250,000 + $217,250 in renovation expense thereafter (paid in installments). See our renovation scope and income analysis below and reach out now with questions!