Details for Listing #24065001
Once in a lifetime opportunity to own what may be the largest 6-unit Clayton Apartment to come to market in over two decades. Perfectly located steps away from the DeMun strip, this building is Massive: 1700 sq ft 3-bed, 1.5-baths units with very large sunrooms in front that can be used as 4th bedroom or home office. Exceptionally maintained: impeccable TPO roof, tuckpointed entirely, new windows, updated electrical service & panels. Wonderful layouts: high ceilings, great natural light, hardwood floors. Kitchens feature openings combining dining room & kitchen, giving excellent open flow. All bedrooms have good size + closet space. Fantastic parking (rare for DeMun neighborhood!), 6 spots off street in rear, covered by newer carport. Clean basement storage & laundry facilities. As-is rents can be pushed to high $2k’s now. If renovated further, mid $3k rents quite attainable. Most all renovated Clayton apartments lease $2+/sq ft. NOI Pro Forma @ $2395 rents. Will not last long
Once in a lifetime opportunity to own what may be the largest 6-unit Clayton Apartment to come to market in over two decades. Perfectly located steps away from the DeMun strip, this building is Massive: 1700 sq ft 3-bed, 1.5-baths units with very large sunrooms in front that can be used as 4th bedroom or home office. Exceptionally maintained: impeccable TPO roof, tuckpointed entirely, new windows, updated electrical service & panels. Wonderful layouts: high ceilings, great natural light, hardwood floors. Kitchens feature openings combining dining room & kitchen, giving excellent open flow. All bedrooms have good size + closet space. Fantastic parking (rare for DeMun neighborhood!), 6 spots off street in rear, covered by newer carport. Clean basement storage & laundry facilities. As-is rents can be pushed to high $2k’s now. If renovated further, mid $3k rents quite attainable. Most all renovated Clayton apartments lease $2+/sq ft. NOI Pro Forma @ $2395 rents. Will not last long
Listed by: Evan Kuhn, Broker - phone: 630-639-7069
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