Global Platinum Properties is pleased to present 51515163 S Vermont Avenue, a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings:… Read More seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot, an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026. In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price, a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it. Underneath that income sits the real story. The residential schedule shows an average in-place rent of $1,251 against a $1,821 market rent, and the 17,280 SF C2-1VL-CPIO site sits within a Tier 3 Transit-Oriented Communities zone that supports, by right, a development program of up to 150 units. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
134
Last Updated
Property Type
Other
Beds
8
Square Ft.
18,906
Lot Size
0.44 Acres
Year Built
1924
MLS Number
26835873
Additional Details
Appliances & Equipment
None
Building
18,906 sq ft, Built in 1924, Levels: Two Level, Attached
Cooling
Ceiling Fan
Disclosures
None
Garage
Gated
Heating
Wall Gas
Lot
LotAcreage: 0.2728, LotSizeArea: 18,956
Parking
TotalParking: 25
Property
NumberOfUnits: 21, OtherStructures: None, ViewDescription: City, ViewYN: t, Zoning: LAC2
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