1802 Morgan Avenue
Property Description
Excellent value-add opportunity in a CG-2 (General Commercial) zoning district. This income-producing property is currently configured with five residential units plus a downstairs commercial/storage space, all fully leased and generating $3,800 per month in stable income. The CG-2 zoning allows for a wide range of commercial uses, offering strong upside potential through repositioning the residential units to commercial tenants and increasing rents over time. Investors can enjoy immediate cash flow while exploring redevelopment or re-tenanting strategies to maximize returns. Well-suited for a first-time investor or a buyer looking to add a flexible, mixed-use asset to their portfolio with both income stability and long-term growth potential.
Broker Details
DH Realty Partners Inc 210-222-2424
MLS ID: 0675040 State License Number: 0675040
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $495,000 |
| Year Built: | 2017 |
| Lot Size: | 3,232.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-CCARTX-469858
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