This Multifamily Property is no longer advertised on LoopNet.com.
1961 Pine Ave
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
Tremendous Upside Potential - In-Place Income 33% Below Market
Attractive ADU - Garage Conversion Potential
Units & Community Amenities Include Refrigerator & Stove, Tile Bathroom, Carpet & Hardwood Flooring In All Units, Secured Gate Entry & Shared Laundry
Located in an Opportunity Zone
(2) Buildings, (3) One-Bedroom & (1) Two-Bedroom Floor Plans
Each One-Bedroom Unit Has a Bonus Room Addition
PROPERTY FACTS
No. Units
4
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
0.15 AC
Building Size
3,108 SF
Average Occupancy
100%
No. Stories
1
Year Built
1941
Parking Ratio
1.29/1,000 SF
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
3
$1,400
675
2+1
1
$1,500
1,083
PROPERTY TAXES
Parcel Number
7209-020-007
Improvements Assessment
$276,877
Land Assessment
$269,777
Total Assessment
$546,654
ZONING
Zoning Code
LBR4R (Residential: The R-4-R district is a moderate density, multifamily residential district with restrictions on building height.)
