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***Prime 4-Unit Investment Opportunity with Robust Cash Flow!!*** Situated in a prime location, this 4-unit property is the perfect blend of comfort and lucrative investment potential. The property features a spacious 3-bedroom, 1-bath unit, complemented by three 2-bedroom, 1-bath units. Key improvements have been made, including updated electrical panels in 2020 and new windows installed three years prior. All units are equipped with washer/dryer hookups, have a reinforced foundation, and feature spacious living areas. An added perk is the front yard for the front tenants. Enjoy the benefits of prime walkability! This location is conveniently close to local shopping and eateries. A significant advantage of this property is its proximity, a mere 4 miles, to the anticipated West Harbor's 42-acre development. Slated for completion in 2025, this ambitious project will comprise a diverse mix of restaurants, retail establishments, offices, and a picturesque waterfront promenade accentuated with an amphitheater. Backed by a $53.7 million budget, the city's plan includes a sprawling 30-foot promenade, an animated town square, state-of-the-art restrooms, contemporary docks, and meticulous landscaping. Major financial commitments from The Ratkovich Company and Jerico Development, amounting to $160 million, power this vision. The project's inception was marked with a groundbreaking ceremony on November 12, 2022. For a deeper dive into the harbor expansion details, visit www.lawaterfront.org/invest/current-port-projects.
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"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 2nd December, 2023 8:22 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 2nd December, 2023 8:22 AM (UTC)
Listing Agent: Joey Bommarito
Listing Office: Keller Williams Realty