$400,000

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, April 11th & ends Thursday, April 16, 2026 at 12:00 pm. Located in the heart of Little Italy, this unique multi-building opportunity at 401–405 S. High Street presents exceptional potential for investors or developers seeking a value-add project. The property consists of three attached structures with multiple residential units, a garage, and additional space suitable for expansion or reconfiguration, offering significant upside through renovation and redevelopment. 401 S. High Street: Configured as Commercial space & 4 fully leased residential units **Scheduled Gross Monthly Rent of $4,750** **Scheduled Gross Year Rent of $57,000** Large open main level with an undivided floor plan ready for customization. The rear of the main level includes additional storage space with potential to convert into another unit or usable living area. Entry to the building is a hallway with windows and a covered patio-style roof, creating a bright and functional common corridor. The second level includes a shared covered patio-style walkway and laundry area serving Unit A and Unit B, both 2-bedroom, 1-bathroom residences with eat-in kitchens and spacious living areas. Unit A also includes a bonus walk-through room ideal for office or den use. The third level offers Unit C (1 bedroom, 1 bathroom) and Unit D (2 bedrooms, 1 bathroom), both featuring eat-in kitchens. Residential units were renovated across 2013 and 2014. Renovations included new flooring, cabinets, granite counters, appliances and 100 Amp electric service for each unit. Units have independent utilities with forced hot air heating and gas water heaters, providing desirable separation of mechanical systems for future management. In 2016, all the HVAC units were replaced. EPDM Membrane Firestone roof completed in 2011. 403 S. High Street: Garage w/large gated courtyard Includes an open main-level space with garage door, offering flexibility for additional residential conversion, storage, or mixed-use possibilities. Behind the structure is a large gated open area, currently secured, that may provide future off-street parking, courtyard, or outdoor amenity space. Parking is approximately 6-10 spots. 405 S. High Street - Commercial Building The building requires a complete rehabilitation. Access to the upper levels is currently unavailable due to missing staircases, and the presence of a lower level could not be verified during the walk-through. Of Note: A new roof was installed in 2010. Overall, this value-add assemblage offers a compelling opportunity to reposition a centrally located property with existing unit infrastructure, flexible layouts, and additional development potential. Projected Select Annual Expenses: Taxes: $9,793 Water: $5,220 The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.