PORTFOLIO SALE: Covered play - for multi-family redevelopment. 0.493-acre, 3-parcel assemblage in Tobin Hill North near N. St. Mary's St, on the growth path toward the Pearl. 5 of 7 units currently occupied, $74,340/yr in-place gross rent with potential to $103,380/yr at full occupancy; 2 vacant units at 631 available for immediate lease-up or redevelopment planning. 631 zoned MF-33; 635 & 641/643 zoned R-6 with an established duplex use supporting rezoning. Est. redevelopment potential of 14-15 units at full build-out (buyer to verify with the City). Seller will not divide parcels. $1,500,000 for the full assemblage - priced near land value. Also listed as Commercial Improved (631 Ashby) and on CoStar.
Courtesy of Phyllis Browning Company
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