For sale

Description

Welcome to a prime real estate opportunity in the heart of a bustling and regentrifying neighborhood! Presenting an exceptional ALTADORE concrete-constructed 8-PLEX, situated on an expansive 75' x 125' lot spanning 3 INNER-CITY LOTS. Can be combined with 2 lots next door (MLS A2107092) for a TOTAL OF 5 CITY LOTS and 125 FOOT FRONTAGE. Nestled on a peaceful dead-end street, this property boasts a solid structure and meticulous maintenance.This well-established 8-PLEX, offered for the first time, stands as a testament to quality construction and enduring appeal. With executive homeowners as neighbors, this multi-family gem is strategically located just 3 blocks from Marda Loop's main commercial corridor of Richmond Road, offering a perfect blend of tranquility and accessibility.Featuring a thoughtful layout, the property comprises 3 spacious 2-bedroom units and 5 comfortable 1-bedroom units. Seven of the units provide the luxury of private balconies, allowing residents to unwind amidst a serene environment. Long-term, contented tenants attest to the desirability and satisfaction this property offers.For the convenience of residents, there are 8 paved off-street parking spots at the rear of the property, ensuring hassle-free parking in this high-demand area. A communal coin-operated washer and dryer provide practicality, and there's ample space in each unit for those who prefer to install in-unit laundry.This 8-PLEX sits in a marquis neighborhood that is currently undergoing a revitalization, making it an attractive buy and hold investment. Whether you're a seasoned investor or a savvy homeowner seeking an income-generating property, this is an opportunity not to be missed. Embrace the potential of this concrete-constructed gem in a location that combines the charm of a quiet dead-end street with the vibrancy of a rapidly regentrifying area. Secure your stake in this executive enclave – a wise investment for the discerning buyer! (id:51913)

Key Details

  Multi-Family
 5000 sqft

Price

$2,980,000

Property Features

  • MLS® Number A2100250
  • Price $2,980,000
  • Square Footage: 5000 sqft
  • Property Type: Multi-Family
  • Community Name: Altadore
  • Features See Remarks, Back Lane
  • Parking Space Total 8
  • Plan 875ad

Buildings

Constructed Date 1970 Size Exterior 5000 Sqft
Size Interior 5000 Sqft Total Finished Area 5000 Sqft
Type Multi-family

Land

Acreage No Size Depth 38.4 M
Size Frontage 22.9 M Size Irregular 877.00
Size Total 877 M2|7,251 - 10,889 Sqft Size Total Text 877 M2|7,251 - 10,889 Sqft
Zoning Description M-c1

Agents and Offices

  • Lori Dean Olijnyk
  • Office: Stonemere Real Estate Solutions
Address

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