Property Description:
You can't miss this one! 2 properties for the price of one! You get both sides of a historic townhome, addressed separately, in an area humming with development (new multi-family being built 4 doors down)! Both properties have multiple meters, multiple staircases, & fire escape to allow for up to 3 apartments each or you could convert back to their original use as stately single-families. It's always good to have options!
2808 Melrose
Currently 5 bed-2 Bath (with a bonus room & room to add additional baths)
2783 sqft. (3-stories)
Currently 4 electric meters (would recommend staying 3-units or under to avoid commercial code)
Could be broken into (3) 2-bed apartments (one on each floor)
Needs full gut renovation (except roof - new)
2810 Melrose
Currently 4 Bed (with bonus room that could be converted to 5th bedroom and room for additional bath)
2597 sqft.
Currently 3 electric meters (would recommend staying 3-units or under to avoid commercial code)
Could be broken into (2) 2-bed & 1-bed apartments (one on each floor)
Renovation started with new windows installed, some plumbing & electrical, and new roof
Potential Rents:
2-bedrooms $1075-$1200
Large 1 Bedroom: $850-$900
Total Potential gross rent: $6,900 per month!
6 potential apartments or 2 great historic rehab flips! Jump on this one now because it won't last long!
Call or Txt James for more details (859) 659-7999