Welcome home to the iconic Brooklyn Apartments! 8 Residential units in total (plus shop, office and basement). The original 1907 building has been lovingly cared for and completely updated with new systems all while keeping the vintage charm of the Arts & Crafts era intact. The original building includes a mix of (2) 2-bedroom, (4) 1-bedroom units and (1) studio apartment with a separate office space in the basement. All the units feature stylish finishes, creative use of space and vintage flair! The building also includes a separate office space in the basement and a very spacious completely open area for future storage / office space potential. The detached garage/shop with 2-bedroom owner's unit was built in 2013 and is perfect for the woodworker, artist or craft maker looking for their own detached and free-standing 873sf shop! The unit features amazing views to the east off their own private deck. The unit itself is dialed-in with gorgeous crown molding and built-ins throughout. The shop is fully functional with all the electrical upgrades one would expect in a fully functioning wood-working shop. The building is currently fully occupied with projected income of $156,960 annually and projected NOI of $103,082. All units have immediate potential future rental growth making this a very attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you.
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Attribution contact: 503-575-1818 | 503-810-2219
Listing Agent: Brian Porter
Listing Office: JMA Properties LLC