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251 Raglan Street
Purchase Price $365,000

 

Large lot, 139ft frontage x 99ft for redevelopment possibilities! currently is a 4-plex all 1-bedroom, all mirror images of one another, all on one floor. no basement. corner hillside lot can easily accommodate an 8-12 unit building?? with current land prices @ $3000 per a frontage foot ($417,000) climbing to $3500 a frontage foot as per local builders talk. this may be an excellent buy, as it currently has $22,000.00 net income while you wait! (cap rate 6% plus). present rents - units 1 and 3, $630.00 per month, unit 2 - $712.50 per month, unit 4 - $700.00 per month. All plus utilities. call today to discuss and set up a showing of this unique investment opportunity!