Description
The Parkside Mixed Use property is located across from Southside Park at the corner of 6th and T. The property consists of a 484 SF studio and a 850 SF three bedroom. The Units are brand new and leased. On the ground floor is the Parkside Market. The lease for the Parkside Market doesn't expire until 2031. The Second Story has a brand new 300 SF deck. THERE IS SIGNIFICANT UPSIDE - INCLUDED IN THE PRICE ARE CITY APPROVED PLANS FOR THE DEVELOPMENT OF 2 ADUs on the site - (YOU JUST HAVE TO PAY FOR THE PERMIT.) This comes with design and approved Construction Drawings. PLUS the site has been upgraded with oversized utilities. when leased up these units will significantly increase the overall value and cash flow. The cashflow analysis assumes that the ADUs are completed in 2023. The apartments are brand new and include luxurious finishes with marble, granite, flooring and tile. The Property's plumbing, electrical and HVAC has all been replaced.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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3,292SQFT
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$456$/SQFT
School Ratings & Info
Description
The Parkside Mixed Use property is located across from Southside Park at the corner of 6th and T. The property consists of a 484 SF studio and a 850 SF three bedroom. The Units are brand new and leased. On the ground floor is the Parkside Market. The lease for the Parkside Market doesn't expire until 2031. The Second Story has a brand new 300 SF deck. THERE IS SIGNIFICANT UPSIDE - INCLUDED IN THE PRICE ARE CITY APPROVED PLANS FOR THE DEVELOPMENT OF 2 ADUs on the site - (YOU JUST HAVE TO PAY FOR THE PERMIT.) This comes with design and approved Construction Drawings. PLUS the site has been upgraded with oversized utilities. when leased up these units will significantly increase the overall value and cash flow. The cashflow analysis assumes that the ADUs are completed in 2023. The apartments are brand new and include luxurious finishes with marble, granite, flooring and tile. The Property's plumbing, electrical and HVAC has all been replaced.
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