Description
1113 Pacific Avenue presents an opportunity for a purchaser to follow the lead of the current ownership in a value-add apartment complex located in the Willmore District. With significant gross square footage available, rent increases and vacancies can result in a considerable improvement of income, and a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. The property has been operated as a 4 Unit for 20+ years, although is listed on the assessor as a 5-Unit. Featuring: 4 Units Across 2 Structures; One 6 Bedroom + 2 Bathroom Ground Floor Unit, One 4 Bedroom +1 Bathroom Unit, *One 3 Bedroom + 1 Bathroom House*, One 2 Bedroom + 1 Bathroom Unit; 5,468 Gross Square Feet; Individually Metered For Electricity & Gas - House Pays Own Water; 4 Garage Spaces; LBCO Zoning; 7,447 SF Lot
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