West Town Six-Flat + Retail
For Sale
Spacious Condo Quality Units, Stylish Modern Architecture
Exceptional West Town investment opportunity. Six spacious (1,600 sqft) condominium quality rental units with 6-car interior garage parking spaces, secure entry, and ground floor retail. Units feature open floor plans, wood flooring, high-end appliances and fixtures, soaring ceilings, outdoor balconies, floor to ceiling windows, and stylish modern architectural design. Two top floor penthouse units feature stunning city skyline views and spacious roof decks. Property generates $278,883 annual gross income.
Location boasts strong demographics, with a 2023 one-mile population of 50,209, average annual household income of $130,268, walk score of 94 (Walker’s Paradise) and Bike score of 97 (Biker’s Paradise). Average apartment rent within 1-mile is $2.36 per square foot per month and vacancy rate is 3.7%. There are 538 multi-family properties within 1-mile for a total of 7,782 units, with 210 new units under construction, average cap rate is 5.9%.
Price upon request
Contact
Adam Lash
773-542-3642
alash@imperialrealtyco.com
Theron May
773-736-6461
tmay@imperialrealtyco.com