INCREDIBLE INVESTMENT OPPORTUNITY! This massive property is zoned RM-1 which means it can be converted by right into a 4 unit income producing property. With increasing rents and demand, this submarket will yield great returns year over year. Seller has plans for a 4 unit conversion as it is currently a 10 bedroom rooming house. Plans include 2 (1) unit apartments, 1 (2) bedroom, and 1 (3) bedroom unit all with laundry in unit. With market rate rents this building can bring returns anywhere from an 8% to 9% cap rate. Quadplexes in the area are selling for top dollar, do not miss out on this incredible opportunity!
Courtesy of: Keller Williams Main Line Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th January, 2023 1:50 PM (UTC)