1901 Johnson St

1901 Johnson St

PRICE

$ 3,700,000

Description

Fausto Commercial is pleased to present 1901 Johnson st, a rare & large 14 unit gem just a few minutes away from Young Circle. This property has a total of 14 spacious apartments, including (7) 2 bd units, (4) 1 bd units and (3) studios. All apartments are equipped with central AC units and beautiful new impact windows. The property is currently being owner-utilized as a Residential Health Facility, it will be delivered vacant, offering remarkable flexibility. The projected gross proforma income exceeds an impressive $264,000 which is over a 7% Cap rate at asking price. The property also features a stunning pool deck, inviting seating areas, security cameras, laundry facility and 14 dedicated parking spaces. All units are extremely large and have the option to be converted for more bedrooms.

Details

Property Use:
MultiFamily
Property Type:
Status:
Building Size:
11,931
Building Class:
Oportunity Zone:
Year Built:
No. Of Units
Property Subtype:
LOT SIZE:
14,974
Parkin Ratio:
Price Per Unit:

Gallery

BROKERS

Elior Levi

elevi@faustocommercial.com

954.743.7594