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Executive Summary
This 5,500 sq ft building is currently used as office space and recently sustained water damage from a kitchen leak, which has been fully mitigated by Serve Pro. Historic records and Property Cards show the structure was originally built as a 9 unit apartment building, and although current zoning permits only 3 units, the property is eligible for a Certificate of Non Conformity to restore its prior density. Any residential redevelopment must comply with FEMA regulations, which prohibit units below the Base Flood Elevation. Buyers will be responsible for securing all required approvals, including architectural plans and professional documentation needed for the application process. The owner, is a Licensed Real Estate Broker.
Property Facts
| Price | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,372 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District | ||
| Price | $400,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,372 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District |
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-00136-0000-00034 | Improvements Assessment | $310,000 |
| Land Assessment | $75,000 | Total Assessment | $385,000 |
Property Taxes
Parcel Number
02-00136-0000-00034
Land Assessment
$75,000
Improvements Assessment
$310,000
Total Assessment
$385,000
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