Welcome to 230 S 46th Street – An amazing investment opportunity in Spruce Hill. Step into luxury living with this newly developed FIVE unit building consisting of 1- 2bd/1ba, 1 – 3bd/2ba, 2 – studios, 1 – 2bd/2ba, and 1 OFF STREET PARKING SPOT. All of this building’s mechanicals are brand new including plumbing electric, sprinkler system, and HVAC. Crafted with precision, designed for comfort, each unit offers a blend of modern elegance and timeless charm. Private rear shared outdoor space perfect for entertaining or relaxing.

Units Features – Spacious floor plans bathed in natural light, Gourmet kitchens equipped with state-of-the-art Samsung appliances and sleek countertops, and luxurious bathrooms boasting spa-like amenities with exquisite finishes

Current rent roll
2bd/2ba $1943
3bd/2ba $2500
Studio $1270
Studio $1270
2bd/1ba Projected $1850
$106,000

NOI $91,000
Cap Rate 6.6%

Tenant responsible for all utilities

Low operating expenses – Approved Tax abatement with brand new mechanical systems.