Description
Desirable multifamily property with huge upscale potential, in walking distance to Ringling Collage. Two buildings #1393 & 1395, on three parcels, one mostly undeveloped. Originally WWll US Army barracks, converted to 4 charming apartments with vintage vibes. Current loss-to-lease is $2,295/month- simply pushing existing leases to market yields an additional 3% ROI-and there is the ability to further increase revenue with modest renovations. The property has lush low maintenance landscaping and a separate structure with laundry equipment.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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2,780SQFT
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$293$/SQFT
School Information
Description
Desirable multifamily property with huge upscale potential, in walking distance to Ringling Collage. Two buildings #1393 & 1395, on three parcels, one mostly undeveloped. Originally WWll US Army barracks, converted to 4 charming apartments with vintage vibes. Current loss-to-lease is $2,295/month- simply pushing existing leases to market yields an additional 3% ROI-and there is the ability to further increase revenue with modest renovations. The property has lush low maintenance landscaping and a separate structure with laundry equipment.
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