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19
196 FOREST Avenue
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$4,900,000 Sale
Listed 95 days ago
· 51
· 17.0
· 14
· 7800
Key Facts
Key facts for 196 FOREST Avenue
Property Type
Apartment
Parking
0 garage, 14 parking
MLS #
40475070
Size
7800 sqft
Basement
Partially finished, Full (Partially finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Rare 17-unit townhome investment opportunity with condo conversion potential. All 17 units have three bedrooms, ample parking and private backyards in a prime location just south of the downtown. The area's thriving amenities and proximity to schools and rapidly growing employment centers (including... the VW Battery Plant and the new Amazon facility to name a few) make this location highly desirable. There is an excellent opportunity to increase revenue upon turnover of units with cosmetic renovations. Alternatively, there is the potential to separately title each unit and renovate each unit to sell at market value, creating even more ways to win with this investment. With the local rental market on the rise, these townhomes provide an appealing chance to capitalize on the growing demand and limited supply of housing. This property must be sold with 199 Forest Ave. There is a total of 17 units between the two properties. (id:10452)
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Listing courtesy of: PRIME REAL ESTATE BROKERAGE
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