Description
Built in 1929, the Monterey apartments offers classic brick construction with old world charm and beautiful hardwood floors. Zoned NC2P– 55 (m) the Monterey Apartments offers the ability to convert the 2 street level apartments into either office space or retail space. The building has a large storage area and laundry room which could be reconfigured to add a unit. In addition to converting the ground units to either retail or office space the Monterey offers additional upside by increasing rents to market levels or renovating units to today’s standards for even higher returns. This investment is a great opportunity for a prospective investor to own a classic brick building in an A+ location.
Location
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Listing Agent: Cathy Jeney Courtesy of: Paragon Real Estate Advisors The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 26th June, 2022 4:39 PM (UTC)
