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400-402 Pitman Pl
For Sale $370,000
$370,000
- 6 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
*INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92’ of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140,000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $370,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0312101111 063 |
| MLS # | MDBA2136540 |
| Property ID | 320784615 |
| Lot Sqft | 0 |
| Zoning | R-8 |
| Total Units | 6 |
| Days on Market | 136 |
| Original List Price | Unknown |
| Date Updated | December 17, 2024 |
| Date Created | August 20, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ronald W. Howard an agent of RE/MAX Advantage Realty. Lic #524502
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Data last updated: January 03, 2025.
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