APPROVED 4 APARTMENT CONVERSION: Zoning Approval just granted to convert to 4 one bedroom residential units. Do your homework and see that new, quality One Bedroom area rentals command $1295 to $1400 and continues to increase. Big demand in that category. Fewer tenants, less wear and tear. The Housing shortage is getting worse and projected worse for the next decade. Projecting 3 units on the Main level and one on the Lower level, but you make final decisions (for exercise areas or shared common space, etc.. lots of room). 4400 Sq Ft., 28' High Ceilings, can add lofts or entire 2nd floor in the space). Lower level (w/ additional separate exterior entrance) is a large open space w/ 11' ceilings, Men's & Women's restrooms, stage w/lights & Rigging, large scale kitchen. Property is surrounded by 3 streets, parking area in rear yard. The building is situated among much greenery with open space on one side and shade trees in the rear. Will generate premium rental income/quality tenants.
Listing courtesy of Bellman & Radcliff.
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