- nickpiscatelli106
1217 East Preston St.
A 16- unit apartment building that is currently 75% complete. Ideal for investors looking for value add opportunity through completion of construction as well a lease up. The property is located in a designated opportunity zone which provides additional incentives for investors with capital gains tax (See Opportunity Zone Flyer attached to offering memorandum for more information on opportunity zones). Appraised for $2,200,000 at completion and lease up. Potential Gross Income of $240,000 annually. The current owner will complete the project for the new buyer of the property. Modest construction continues on the project.
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