Description
A unique opportunity to buy this 3-parcel property in the burgeoning downtown district! Total size of these three lots is approximately 15,000 square feet. Zoned DCC - 400-foot height limit. Uses include retail, office, hotel & multi-family (buyer to verify). Currently there are 3 houses which are under-rented, due to family & friend occupancy. If properties were to remain as multi-family, market rental income should realize a cap rate of nearly 6%. If all units are fully rented, the proposed gross income could be close to $112,000 per year. The potential options are many & varied. Step into these turn-of-the-century buildings, and you will see the craftsmanship and materials of a hundred years ago, combined with upgrades for the present.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Better Properties N. Proctor.
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Description
A unique opportunity to buy this 3-parcel property in the burgeoning downtown district! Total size of these three lots is approximately 15,000 square feet. Zoned DCC - 400-foot height limit. Uses include retail, office, hotel & multi-family (buyer to verify). Currently there are 3 houses which are under-rented, due to family & friend occupancy. If properties were to remain as multi-family, market rental income should realize a cap rate of nearly 6%. If all units are fully rented, the proposed gross income could be close to $112,000 per year. The potential options are many & varied. Step into these turn-of-the-century buildings, and you will see the craftsmanship and materials of a hundred years ago, combined with upgrades for the present.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-12-11T00:14:47.83. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-12-11T00:14:47.83. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.