This well-maintained apartment complex is located in the South Hampton neighborhood across the street from Christy Park and a half-mile from a $72M development planned covering 12 acres on Kingshighway.

• There is a value add component to the property with a strong rental market in the area. Similar sized updated one-bedroom apartments renting for as much as $950.
• Completing a cosmetic update of the units including kitchens, baths, HVAC and in-unit laundry could generate top of the market rents. There is a closet in the apartments that would work well for in-unit laundry.
• A lesser cosmetic update of the units including kitchens and baths could also potentially raise rents significantly.
• Built-in 1928 this building has beautiful architectural detail with interior features like common areas with terrazzo floors.
• Building has updated electric panels and exterior service, storage units for tenants, common area laundry, some pvc plumbing, seller currently provides heat through a boiler system.
• There are 3 commercial spaces on the first floor with 2 occupied. These commercial spaces could be converted to apartments as well to have an all apartment complex.

-Located in Botanical Heights just a few doors down from City Garden Montessori School, Union Loafers and Olio.
-This four-family building has undergone extensive renovation.
-Renovation included completely updated kitchens with white shaker cabinets, quartz countertops, matching stainless steel appliances including dishwasher, in-unit washer dryers, new lighting and hardware, etc. All using top-of-the-line finishes.
-Building features central air, beautiful hardwood floors, a clean dry well kept basement, fenced backyard with parking pad, clawfoot tubs with updated bathrooms.
-All units are two bedrooms that are all rented for $1,149 a month each.
-Units are rented under market rent for the neighborhood. There are numerous rent comparables that support considerably higher rents, some over $2 per sq ft recently within a mile.
-All leases expire in the next few months and rents can be raised at that time.
-Also possible for an owner occupant to live in one unit and have the tenants pay the mortgage.
-We will show the property Friday 5/6 and review any offers at 10 am 5/9/22. Please give a response time of 3 pm on 5/9/22.