JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. There are fifteen (15) onsite parking spaces including three (3) attached garages, eight (8) tandem spaces, and four (4) detached covered… Read More spaces. Soft-story retrofit was completed in 2024. The property offers approximately 33% upside to current rents and more than 115% upside potential among the non-renovated units. The six (6) renovated units feature upgraded electrical including subpanels, copper plumbing, and a full high end renovation of the entire unit. Property upgrades include an upgraded electrical master panel and a new multi-layer elastomeric roof coating. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside. Read Less
Courtesy of JNM Realty, INC. 310-746-5923
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
7
Square Ft.
7,552
Lot Size
0.17 Acres
Year Built
1957
MLS Number
26919127
Additional Details
Heating
None
Appliances & Equipment
None
Building
7,552 sq ft, Built in 1957, Levels: Multi Levels
Cooling
None
Disclosures
None
Garage
Driveway Gate, Garage Is Detached, Tandem, Covered Parking
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