Description
Rare and beautiful one of a kind total rehab of an all limestone building the former old Christ Our King Rectory. 10 unit apartment building to die for. Interior completely gutted and designed by Buck Simper Architects. 2 year project including all new water, sewer, hvac and electrical systems. Separated manablock pex water lines. High efficiency gas furnaces and heat pumps with central air Separate 55 gallon hot water heaters. Painted maple cabinets with dovetail construction and soft close drawers. Class 2 granite and custom stainless steel appliances. 14 car gated parking lot with rear courtyard. Sprinkler and monitor system. 8 of the 10 units currently under lease. Open great rooms and huge basement with additional tenant storage areas and coin operated laundry. This is new turn key construction with the charm of 16 inch wide stone construction located in the heart of desirable Ninth Ward. Impossible to build or duplicate for double the price. 6.5 cap rate based on current and projected rents. All prospective applicants are subject to vigorous screening process. Updated pro forma to be provided with proof of funds or commercial approval letter. Owner is a licensed real estate agent in Delaware.
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0BEDS
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270ACRES
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0BATHS
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01/2 BATHS
Description
Rare and beautiful one of a kind total rehab of an all limestone building the former old Christ Our King Rectory. 10 unit apartment building to die for. Interior completely gutted and designed by Buck Simper Architects. 2 year project including all new water, sewer, hvac and electrical systems. Separated manablock pex water lines. High efficiency gas furnaces and heat pumps with central air Separate 55 gallon hot water heaters. Painted maple cabinets with dovetail construction and soft close drawers. Class 2 granite and custom stainless steel appliances. 14 car gated parking lot with rear courtyard. Sprinkler and monitor system. 8 of the 10 units currently under lease. Open great rooms and huge basement with additional tenant storage areas and coin operated laundry. This is new turn key construction with the charm of 16 inch wide stone construction located in the heart of desirable Ninth Ward. Impossible to build or duplicate for double the price. 6.5 cap rate based on current and projected rents. All prospective applicants are subject to vigorous screening process. Updated pro forma to be provided with proof of funds or commercial approval letter. Owner is a licensed real estate agent in Delaware.
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