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Property Description
VALUE ADD 12-unit property includes a residential community feel with a combination of single family residences and duplexes with each unit having its own private fenced back yard, assigned covered parking with a storage locker and washer and dryer hook up in each unit! This property consists of all 3 bedrooms and 1 or 1.5 baths. With such a large property there is also a nice large owner storage building included with the sale. With the highest density R-3 zoning that allows for many more units than is currently on the property, allowing for both expansion and re-development opportunities within this 1.81 acre property. Property in central location with public transit bus stop off Mead avenue. Property also has additional access from 1305 King Street to the south. In addition the current rents on some of the units compared to market rents and low giving the new owner the opportunity to raise rents. This is one of three properties of a 45 unit portfolio all in close proximity to each other that can be purchased separately or as a package. See the Offering Memorandum in the documents section for more details.

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