The site contains two properties on one tax lot representing an excellent opportunity for a new owner with the unique opportunity to acquire a large numbers of units in one transaction.
2336 Barnum Avenue is a corner mixed use property containing five two (2)bedroom apartments and two commercial spaces.
2336 Barnum Avenue benefits from nearly 35 feet of frontage on the heavily trafficked block of Barnum Avenue.
The residential tenants all occupy on month to month (MTM) leases.
The commercial spaces are both vacant, allowing a new owner to re-lease the spaces and achieve a considerable step up in monthly rent.
509 Bruce Avenue is a two family house located in the back of the lot.
The property contains two three (3) bedroom apartments with tenants occupying on month to (MTM) leases. Both properties contain well below market rents, allowing a new owner to substantially increase the rents on all units.
These properties can be purchased in conjunction with 1874 Barnum Avenue, a corner mixed use property totaling six apartments and one commercial space and 1870 Barnum Avenue an adjacent commercial garage. These properties are approximately .5 miles away from the subject property.