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With a premiere location on the corner of Elm Street and Orange Street, this 29 unit building is a unique investment opportunity. Comprised of 7 commercial units, 8 studio apartments, 11 one bedroom apartments, and 3 two bedroom apartments, this property has a solid mix of unit types and income sources. With the same ownership for 26 years, this building has HUGE value-add potential. Many units have not been renovated recently and have the potential for rents to be increased substantially. Additional cost-saving measures could be applied by separating utilities and cutting operating expenses substantially. Many major capital improvements have already been made to this building including installation of rubber membrane roofs, upgrading windows to vinyl replacement, renovation and buildout of several commercial units, and more. This property is located in a Qualified Opportunity Zone.
Property Type: Multi Family Home
Sub Type: Multi-Family
Listing Status: Pending
County/Area: Hillsborough County
Zip Code: 03101
Year Built: 1890
Sq.Ft.: 19,981 sq ft
Style: Apartment Building, Multi-Family
Units: 29 units
Full Baths: 29
Basement: See Basement Details
Lot Size: 10890 sq ft lot
Area Description: Business District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn
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Data last updated 2019-07-18.