The property contains 6 apartments and one commercial space.
One apartment is currently vacant, and the rest of the tenants are occupying on month to month (MTM) leases with considerable room for a buyer to add value to the apartments and dramatically increase the rents in the building. All apartments have excellent ceiling heights and are a mix of studio, one bedroom, and two-bedroom units.
The commercial tenant is a longstanding business in the area operating on a month to month (MTM) lease with considerable room for rent growth.
The property is approximately 40 feet wide by 65 feet deep, totaling roughly 7,800 square feet above ground plus an additional ~2,600 square foot basement space.
This property can be purchased in conjunction with 1870 Barnum Avenue, the adjacent single story commercial garage, as well as 2336Barnum Avenue, a corner mixed use property, and 509 Bruce Avenue, a two-family house on the same tax lot, totaling seven apartments and two commercial spaces about .5 miles away from the subject property.
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