347 S. Cochran is a 1930's vintage property consisting of 6 large units averaging 1000sf. The investment offers the opportunity to take advantage of a prime rental market and achieve some of the loss-to-lease created by the long term ownership. Average rents are approximately $1,600 per month. With comparable rents in the area at $2,500/month, there is at least 40% upside in rents. Each unit is separately metered for gas and electricity and comes with an on-site parking space. There is no parking retrofit required.
Listing courtesy of Thomas Jonsson from Barnes Commercial Capital, Inc
Listing sold by Shohreh Sadaghiani from Exclusive Realty Inc.
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