6332 Elmwood Avenue

Description

This oversized property is a great investment opportunity with the potential for 5 units to generate income. It also would be a prime chance for an owner-occupant to live in one unit and let the rent of the other units help pay the monthly expenses. There are currently 5 units total, four 1 or 2-bedroom units and the first floor is yet to be complete but could serve as a 1-2 bedroom, depending on the layout choices.The property still needs to be completed, but once finished, it will be an awesome income producer, spanning almost 3,400 square feet and with the majority of the renovation finished, you can start collecting rent quickly after purchase.The 1st floor is currently framed with some mechanical work started and spans approximately 85 feet deep, so the layout options are plentiful.The 2nd floor renovation has been started and includes new sheetrock, updated mechanicals, new flooring, etc. There are 2 units on this level, each could be used as a 1 or a 2 bedrooms unit (1 bedroom with a living room or 2 bedrooms without a living room).The 3rd floor has the same layout as the 2nd floor, 2 units that could be used as 1 or 2 bedrooms each.Each of the 4 bathrooms has a tub installed and plumbing for other fixtures.Buyer should do their own due diligence regarding zoning, square footage, work completed, etc. Property is being sold as-is. Buyer is responsible for city cert and any county requirements.Please see videos for additional details on the property. Agent doesn+GGt have any other information.