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Executive Summary
Stately 6-unit brick building located in the desirable and appreciating Olde Towne / King Lincoln area. Absolutely stunning character with amenities including hardwood floors, decorative fireplaces, private storage units in the basements with washing machines and dryer hookups, private porches and off-street parking. 5/6 units are occupied by Seller design to have a unit available to show. Rents are severely under market allowing upside for a Buyer. All leases are month to month. Utilities are separately billed and/or passed through to tenant.
Unit 1 vacant
Unit 2 & 3 $1,050/month
Unit 4 & 6 $1,095/month
Unit 5 $1,150/month
Unit 1 vacant
Unit 2 & 3 $1,050/month
Unit 4 & 6 $1,095/month
Unit 5 $1,150/month
Property Facts
| Price | $940,000 | Building Class | C |
| Price Per Unit | $156,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,520 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $940,000 |
| Price Per Unit | $156,667 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,520 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.32/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-022187 | Improvements Assessment | $121,800 |
| Land Assessment | $16,380 | Total Assessment | $138,180 |
Property Taxes
Parcel Number
010-022187
Land Assessment
$16,380
Improvements Assessment
$121,800
Total Assessment
$138,180
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94 N 20th St
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