Fantastic opportunity to purchase this cash-cow property with a strong stable tenant paying gross rent of $11,000/month + handling all utilities; landscaping & repairs/maintenance. Landlord only pays taxes & own insurance. The unit mix is: 1204 W. Florence (3 Bed 2 Bath House) $3,000/mth; 1206 W. Florence (Commercial space with 3 private rooms/offices & a large common space + 2 Bathrooms) $3,000/mth; 1206 W. Florence 1/2 (4 Bed 3 Bath House) $3,500/mth; 1210 W. Florence (Artist Garage) $1,500/mth. There’s 3,367 total rentable square feet. The property also has great redevelopment potential. Featuring a 9,593sf double lot with C2/R4 zoning allowing for 24 new units to be build by-right on this site. The property also sits in a TOC Tier 2 area for added density bonuses and would allow for as many as 38 new units to be constructed for a TOC project. Please contact us today to explore all the options with this unique property.
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