Description

375 S 49th Street is located in an Opportunity Zone and is part of the Complete Communities Plan. The property is situated on a large 17,694 square foot lot and has a strong unit mix of (4) 3 Bedroom / 2 Bathroom units appx 1,000 square feet and (6) 2 Bedroom / 1 Bathroom units appx 830 square feet. The 8,984 square foot structure built in 1971 has been thoroughly renovated 10 years ago, has onsite laundry facilities, and approximately 20 gated parking spaces with a rear entrance and frontage on S Willie James Jones Avenue. There is upside in the development potential on or over the parking lot. The kitchens and baths have tile, new cabinets, vanities, and appliances. The bedrooms have mirrored closet doors. The current $1,660,000 loan at 2.94% fixed until June 2026 can be assumed.