Lower Town - Sandy Hill - 4004 - Sandy Hill
Lower Town - Sandy Hill - 4004 - Sandy Hill
Sold For$1,250,000
Listed For $1,349,900
Sold Apr 2022
Flooring: Carpet Over & Wood, Flooring: Tile, Flooring: Vinyl, Calling all investors, contractors or anyone looking for a project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms. Unit 1 is 4 bedroom unit. Units 2, 3 & 4 are all 3 bedrooms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.7%). Updates include roof 2020, all windows 2021. 24
* Values are estimates only and not a guarantee of lending or affordability.
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