Description
City approvals for 48 apartments and an onsite maintenance office containing 23 - 1 bedroom units , 13- 2 bedroom units , and 12 - 2 story lofted 2 bedroom units. Over a acre of land with almost 100 parking spaces . Phase 1, 21e done and clear .Inside environmental report done and Inside asbestos has been removed and cleared . Only item to be addressed is asbestos left is on some exterior windows ( estimate in place under 50K) Building has been cleared out and is ready to be built out by buyer without having to change any loadbearing walls which saves tons of money . 3 phase on street which makes it perfect for solar .Property even comes with building construction plans done ( plumbing, hvac, and electric can be done as design build and not included in plans) and site plan approval (150k value) Building projected to gross just under 1m a year in rents . Permit ready! Be complete before the train ! Time to invest is now !! Preliminary budget of 6M to do buildout. See Attachments
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