Opportunities like this don't come around often. This historic Paseo Boulevard property has already completed the phase of renovation most investors dread: the infrastructure. Electrical, plumbing, mechanicals, and major systems have been updated, allowing the next owner to focus on bringing the vision to life. Even better, materials needed to complete the first and second floors are already on site and included.
Designed for flexibility and income potential, the property is configured as a triplex plus a lower-level apartment, with separate entrances to every level. The renovated lower-level unit offers 2 bedrooms and 1 bath and is essentially rent-ready. The first floor is designed with 2 bedrooms, 1 bath, a full kitchen, new hardwood floors, and beautiful original woodwork. The second floor layout includes 3 bedrooms, 3 bathrooms, a full kitchen, and additional living space, making it well-suited for a co-living or PadSplit-style model. The fully renovated third-floor studio apartment is also essentially rent-ready.
Whether your strategy is mid-term rentals, co-living, traditional leasing, or a combination of rental models, this property offers multiple paths to maximize income potential. A detached 2-car garage and ample off-street parking provide convenient accommodations for residents and guests.
Located in an area experiencing significant revitalization and growth, this is a rare opportunity to acquire a project where much of the heavy lifting has already been done. As an added benefit, the current owners are willing to consult with the buyer regarding the project and intended completion plans. Don't miss the opportunity to unlock the full potential of one of The Paseo's most compelling investment properties.
