Description
This opportunity consisting of 3 single family homes is directly across from CSU & within Old Town FTC. The 3 properties- 117 Locust (MLS# 931913), 901 Remington (MLS# 931924), 931 Remington (MLS# 931917) are on the same block adjacent to a long standing hotel & are zoned NCB, which allows flexibles uses including short term rentals. Properties will be sold in as-is condition & seller prefers to sell all 3 properties to 1 buyer. Redevelopment of 931 Remington & 117 Locust may be advantageous as they abut each other. Having been long-term rentals, these properties also have the potential for increasing rent to reflect the market, after renovation. The properties are designated as historical & are eligible for tax credits, 0 interest deferred loans & grants. Seller is open to creative partnership ideas to collaborate w/ the adjacent hotel. All homes are currently being rented but have the option to terminate the leases with 60-day notice & a small fee.
-
0BEDS
-
0.09ACRES
-
0BATHS
-
01/2 BATHS
-
8,061SQFT
-
$161$/SQFT
School Information
Description
This opportunity consisting of 3 single family homes is directly across from CSU & within Old Town FTC. The 3 properties- 117 Locust (MLS# 931913), 901 Remington (MLS# 931924), 931 Remington (MLS# 931917) are on the same block adjacent to a long standing hotel & are zoned NCB, which allows flexibles uses including short term rentals. Properties will be sold in as-is condition & seller prefers to sell all 3 properties to 1 buyer. Redevelopment of 931 Remington & 117 Locust may be advantageous as they abut each other. Having been long-term rentals, these properties also have the potential for increasing rent to reflect the market, after renovation. The properties are designated as historical & are eligible for tax credits, 0 interest deferred loans & grants. Seller is open to creative partnership ideas to collaborate w/ the adjacent hotel. All homes are currently being rented but have the option to terminate the leases with 60-day notice & a small fee.
© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jenn Porter Group. Data last updated: 2021-03-04T15:39:37.203.