3968 Alabama St
- In-unit laundry
- Centrally located
- On-site parking
- Fully renovated interiors
- Private balcony/patios for each unit.
- Dual pane windows
- High walk-score - 92
- Well maintained
- All-electric units
- One Central water heater
- 6.5 FAR Zoning (Tier 3 Complete Communities)
- Mobility Zone 1 (reduces height restrictions)
Property Description
This is a unique opportunity to own extensively renovated 1 Bed 1 Bath units with in-unit washer dryer, mini-split ac units (2 in each unit), Private balcony/patio space for each unit. Newer stainless steel appliances, recessed lighting. Gated property with on-site parking for each unit. Constructed in 1977 and Renovated in 2020. Lot size is 6,974sf. Improved Space: 3,906sf per title. Site offers desirable high density RM-3-9 Zoning (allows 1 dwelling per 600sf)which could open construction opportunity in the rear lot space. Up to 100% density bonus is allowed with deed-restricted units. Site is within Complete Communities FAR Tier 3 (6.5 FAR) and within Mobility Zone 1. These favorable zoning designations allow for increased density, waivers for development impact fees, and reduced parking requirements. This is an opportunity to entitle functional space while maintaining units for cash-flow.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,300,000 |
| No. of Units: | 8 |
| Year Built: | 1977 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $412,500 |
| Property Website | Click Here |
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