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Description
Riverside/Avondale Income + Owner/Occupant opportunity--King Street Corridor! 1031 Exchange opportunity! Restored 1924 Craftsman bungalow (2747 Forbes St) 3BR/1BA/1270 sqft main house plus a detached (2745 Forbes Street) 1BR/1BA/600 sqft apartment over the 2-car garage: separate building, separately metered, most recently leased at $1,225/mo (one garage assigned to detached unit; one garage assigned to main house). Projected combined rents ~$3,475/mo (~$41,700/yr). Heavy lifting done: Ram Jack foundation, new roof on both structures, new HVAC, updated electrical, new water heater. Flexible use: Multi-generational, rental, in-law/guest, studio, or home office. Original hardwoods, updated kitchen & bath, historic character throughout. Moments from 5 Points, Willowbranch & Riverside Parks, and the Shoppes of Avondale. Combined building area reflects both structures incl. garage. Main house rents projected: buyer to verify income, expenses, square footage, schools & use.
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