Active

$670,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4476 sq ft
Overview
  • ID: MFRTB8389243
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4476 sq ft
Property Details
Remarks
Investors! Income-Producing Opportunity! Take advantage of this incredible investment opportunity with two buildings ready to be completed for potential rental income! Ideally located on a high-visibility corner lot at MLK Jr Blvd and N 12th St, with convenient parking access off N 12th St. Building 1: Duplex (2 units) Building 2: Fourplex (4 units) Total Units: 6 rental units ready for your final touches. Updates Already in Place: Permitted Metal Roof (2019) for long-term durability. Individual Electric Panels for each unit Separate Water Meters already installed – ideal for tenant utility management. Prime Corner Location. High-traffic area with excellent exposure, located near public transit, businesses, and other amenities—perfect for future tenants. Finish the Vision & Maximize Returns. Whether you’re looking to hold for cash flow or flip for profit, this property is a rare opportunity to capitalize on multi-unit potential. There are some expired permits, and some work has not been completed. Buyer would need to pull permits and complete the work. Sold As-Is — Bring your contractor and vision to unlock the full value of this promising investment! There Seller is an investor and has never occupied the property.
Financial Considerations
Price:
$670,000
HOA Fee:
N/A
Tax Amount:
$3292.75
Price per SqFt:
$140.76
Tax Legal Description:
BUFFALO PARK S 52.75 FT OF N 58.75 FT OF E 49.2 FT OF LOT 1 TOGETHER WITH THE FOLLOWING DESC PARCEL S 26.4 FT OF N 100 FT OF W 54.8 FT OF LOT 1 AND S 41.2 FT OF N 100 FT OF E 49.2 FT OF LOT 1 W 54.8 FT OF N 73.6 FT LESS NLY 6 FT FOR BUFFALO AVE R/W LOT I
Exterior Features
Lot Size:
9846
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Electric
Cooling:
None
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1983
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1203 E DR MARTIN LUTHER KING JR BLVD
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