Sold $750,000 - Duplex
This property is on the market but I believe it is somewhat ‘flying under the radar,’ plus I am one of the very few people who know that it can be delivered vacant, which is a big deal. Additionally, even though it is a duplex the zoning (C4) allows for it to be many more units than that, and there is room on the property to either add units or expand the existing units. Bottom line, there is a lot of opportunity here.
Currently, there is a 2 bed 2 bath and a 1 bed 1 bath. But these units are large (2158 sq ft between them) so it wouldn’t be a big ordeal to make them into a 3 bed 2 bath and a 2 bed 2 bath if one wanted to, plus add parking (there’s tons of room on the lot to add parking. For someone who knows what they are doing, or has access to the resources, this could easily end up being an excellent cash flow (10-12% cash on cash return) opportunity.
For more on this call me anytime.
Best,
Ken Shapiro
Office Number – 213-250-4404
Mobile Number- 818-237-6963
