Rare Opportunity Zone investment offering immediate cash flow with exceptional long-term redevelopment potential. Situated on approximately 2 acres, the property consists of 20 units across five buildings with the ability to develop an additional 10 units. A distinctive exit strategy allows the asset to be positioned as either a 30-unit multifamily community or subdivided into eight separately saleable parcels comprised of seven fourplexes and one duplex. Existing improvements include an on-site swimming pool, laundry facility, and office/storage space. Future enhancements may include new asphalt, sidewalks, parking, landscaping, and site improvements to further maximize value and marketability.
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Cooling System: Evaporative Cooling
- Cooling System: Ceiling Fan(s)
- Cooling System: Wall Unit(s)
- Exterior Type: Brick
- Heating System: Forced Air
- Legal Description: Catalina Farms Lot 16 Exc W132.49' S212.17' & Exc E140.85' S509.72' & W27.32' N127.36' S637.21' Adj Aband Rd
- MLSID: 22618329
- Roof Type: Rolled Hot Mop