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This prime commercial property features 17 fully rented units, including a mix of 2-bedroom, 2-bathroom and 1-bedroom, 1-bathroom units. Additionally, all 9 dock spaces are rented out. The property is poised for development, with the owner already beginning the process to build 14 townhouses. A contract for a new seawall is in place, and preliminary blueprints for the townhouses are ready. City permits are expected by September 2025. Located in a great school district, this property is a key target for potential buyers and renters.
Features
Age: Over 50 Years Old
Amenities: Water Front
Architecture Style: Other
Building Units: 17
Exterior Type: Block
Exterior Type: Concrete
Floors: 2
Heating System: Central Furnace
Legal Description: LIVERMORE ESTATES 19-11 B LOT 6 & STRIP OF LAND LYING W OF LOT 6,BET LOT & MIDDLE RIVER