Property Summary
Seventeenth Street Lofts presents prospective buyers a fully occupied Opportunity Zone investment with dedicated on site parking and an opportunity to substantially increase net operating income by charging for parking, billing back residents for utility usage, and streamlining operating expenses.
PHYSICAL SUMMARY
- Completely redeveloped in 2003 using Historic Tax Credits
- 21 on-site parking spaces
- Elevator serviced
- Type IV Construction (masonry exterior with heavy timber interior structural members)
- PVC waste, copper domestic water supply
- Total Floor Area 25,000 SF
- Ground floor on slab: 5 apartments
- First floor: 5 apartments
- Second floor: 4 apartments
- Third floor: 5 apartments
- Fourth floor: 5 apartments
- Fully sprinklered, smoke detectors in units and corridors
- Units individually metered for electricity
- Units conditioned by individual split system heat/AC
- Unit amenities
- Washer/dryer/dishwasher
- Granite countertops, stainless appliances
- Original concrete and maple floors
- Abundant natural light from large picture windows
PROPERTY DETAILS
| Units | 24 |
|---|---|
| Parcel ID | E0000185034 |
| Const. Materials | Brick |
| Zoning Desc. | M-1 Light Industrial |
| Addl. Features | Close to Downtown |
| Construction Date | 1910 |
| Renovation Date | 2003 |
| Co-broker Fee | Yes |