2109 J Street

Description

2109-2111 J Street is a 3-story mixed-use building comprised of four large 1-bedroom and 1.5 bathroom luxury apartment units (each 988 SF) and a 2,058 square foot ground floor retail space. All four residential units are leased and the retail space is currently vacant and available for an owner-user or new tenant. The property was completely remodeled in 2019 including top-to-bottom upgrades to the retail space, all residential units and common areas; new stucco and paint to exterior of building; updated plumbing and electrical; and energy efficient HVAC units. The residential units feature new hardwood floors throughout, granite counters, solid wood custom cabinetry, designer lighting, stainless appliances, full-size washer/dryer in each unit, as well as completely remodeled bathrooms and kitchens. The property features 9 on-site parking stalls which are gated, lighted, and secured. Located in the heart of Midtown, just one block from the MARRS Building, THIS is Midtown events, and the Midtown Farmer's Market and walking distance to hundreds of restaurants and bars. The property is being offered at $2,600,000 which results in a blended proforma capitalization rate of 5.88%.