Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
10,450 Sq Ft
0.68 Private Acres Lot Size
investment
$1,380 Monthly Tax
Built in 1896
MLS/Listing ID 73514871
3 Stories
17 Units
Brick Mortar
Concrete Perimeter
Stone
Hardwood
Construction - Frame
Community - Park
Community - Public Transportation
Community - Shopping
Community - Public School
Community - Medical Facility
Community - Laundromat
Community - House of Worship
Community - Highway Access
Washer Hookup
Public Water
Porch
Parking - Common
Parking - Off Street
Parking - Paved
Parking - Shared Driveway
Lot - Additional Land Available
Lot - Corner Lot
Lot - Gentle Sloping
Electric Dryer Hookup
Public Sewer
Community - Walk/Jog Trails
Community - University
TOTAL MONTHLY COST
$0
$0
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