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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1946
Sq.Footage
27,500
We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Other
-
Pool
No
Area & Lot
-
Lot Size(acres)
4.27
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,000,000
-
Tax Amount
3266.0
-
Zoning
C-3
-
Sq. Footage
27, 500
-
Price/SqFt
$145
HOA
-
Association
No
School District
-
Elementary School
Catalina Elem
-
Middle School
Memorial Middle
-
High School
Jones High
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Orange
Elementary School
Catalina Elem
Middle School
Memorial Middle
High School
Jones High
Listing Courtesy of Robert Kirkwood, IV , MAVREALTY
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
Call Michael today to schedule a private showing.
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