Great Location, 12 unit building used as 7 but no deferred maintenance. Return to original use for a great return now and great upside. 40 year inspection done.
Off-Market. Residential building for sale. This building used to have twelve units, six units on the top floor and six units on the ground floor, all identical 1 bedroom / 1 bathroom. At this moment, the building has 6 units on the top floor, and an evangelical church is using the whole ground floor. The church eliminated three walls to create three areas instead of the 6 original units (congregation area, dinner area, back offices and kitchen area), they are using 3 or 4 bathrooms and one kitchen and maintain the other bathrooms not in use as closets to keep tools and cleaning products. The church tenant kept all the plumbing, electric wiring and back doors for each unit, therefore if the buyer wants to converts the ground floor back into 6 units this should be a fairly easy and inexpensive process. This conversion can increase the income potential tremendously.