Opportunity is Knocking... Looking to add multiple properties/units to your portfolio. Welcome to 1222, 1218, 1216 and 1214 Powell Street... This portfolio has great income potential, growth through value add, reset to market rents and or growth through repositioning commercial space to residential units (would need to verify/gain borough approval). This portfolio includes a large Commercial Building (1222 Powell Street) which sits on a corner lot, offers Mixed Use Zoning, Great Residential Rental History and Potential to utilize existing office space or seek approval to convert to apartments (would need to verify/gain borough approval). Connected to but separate deeded is 1214 Powell Street which includes 2,964 square foot lot with multiple bay garage. There is potential additional income through garage bay rentals. Last but not least included in the portfolio are 1216 and 1218 Powell Street both sides of a Twin Home. Both 1216 and 1218 Powell Street offer 2 bedrooms, large living space, oversized/eat in kitchens and basement storage. All Residential Units have had amazing rental history which shows through the well below market rental rates. All properties must be purchased together as a package and will not be separated. Portfolio is being sold "AS IS" - "WHERE IS" and Buyer will be responsible for U and O/Lead Based Paint Testing/Any responsible inspections/repairs to transfer.
Courtesy of: Keller Williams Main Line Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd May, 2022 4:13 PM (UTC)
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