Presenting 15 Davidson Court, 38 residential units (43,700 sqft) on a 55,350 sqft lot. This garden apartment complex is composed of 4 buildings: 3 studios, 12 one-bedrooms, and 23-two bedroom apartments. There are 38 parking spots and street parking is also available. Currently, there are 13 destabilized apartments, which allow ''free market'' rent. By converting the remaining 25 apartments to free market rent, you will increase your NOI, thereby increasing the property value by over $3M. Tenants pay for their own heat, hot water, electricity, and gas. This property is in an opportunity zone and is located in R3X zoning. Adjacent zoning includes M2-1, R5, and C1-2.Set up available upon request.
Listing courtesy of OZANA REALTY GROUP.