3017 J Street

Description

Once in a generation opportunity to acquire two adjacent parcels totaling 15,648 sqft spread across 6 structures. The buildings consist of 10 units with mixes split between detached cottages, duplexes, and a triplex. A 2 car garage attached to the triplex is being rented out that can easily be converted into an ADU. An additional storage area is being rented out as well between the detached cottages. The property has alley access with 4 assigned parking spaces (two in the front & two in the rear). The property sits in an opportunity zone giving buyers the chance to gain massive tax savings, and the option to build multiple new units (Buyer to do proper due diligence with city to confirm all facts). The rents have recently been raised with the property now bringing in $14,525/mo before expenses. Tenants are all on month to month lease agreements.