This charming 4-family property is located in the sought-after Princeton Heights neighborhood, near both Carondelet Park and Francis Park. Situated near two parks, this property offers a desirable location with easy access to outdoor recreational activities for tenants.
Built in 1925, the building boasts 2,970 square feet of living space on a 5,714 square foot lot. The building had a full roof replacement in 2021. The units are designed in a shotgun style, featuring 1-bedroom, 1-bathroom layouts. These apartments are all currently vacant, offering the perfect opportunity to begin updates to the property if desired. The apartments could potentially rent for $872 as-is with a make-ready. With updates, there is the potential to increase rents to $995 or more depending on updates. Similarly sized 1-bedroom apartments within a mile and a half radius have an average rent of $872.