1501 Grape Street
Property Description
Rare opportunity to own a distinctive income-producing property in the heart of Midtown! Offering multiple living arrangements and two existing rental income streams, 1501 Grape Street provides exceptional flexibility for investors or owner-occupants seeking supplemental income. The main residence features inviting living areas, a kitchen, two primary suites (one downstairs and one upstairs), and an office. A separately accessed guest suite with its own bathroom is currently used for short-term rentals, while an independent upstairs 2-bedroom, 2-bathroom apartment offers its own kitchen, living area, private entrance, and porch and is currently used as a long-term rental. Originally built in 1942 and rebuilt in the 1990s while retaining the original foundation, fireplace, and two walls, this property offers architectural character rarely found in traditional investment properties. Beautiful wood floors, abundant natural light, creative design elements, and exceptionally clever storage throughout add to its unique appeal. A welcoming front screened porch, three screened porches in total, and a lush, beautifully landscaped yard provide attractive outdoor living spaces. Within walking distance of Whole Foods, 9th & Terrace Park, and Midtown's popular restaurants and shops, the location is equally appealing for homeowners and tenants. Live in the main residence while generating rental income or explore the property's many possibilities for extended family and investment use! Square footage is not correct on LCPA website - Square Footage is from recent appraiser's measurement. 1988 SF in Main Building. 752 SF in Second Floor 2/2 Rental.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $655,000 |
| No. of Units: | 3 |
| Year Built: | 1942 |
| Opportunity Zone: | No |
| Price per unit: | $218,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 5 |
ID: 3yd-TBRFL-406457
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