Mixed-use/multifamily opportunity in the historic Carondelet neighborhood! This property is from 7011-7015 S Broadway and contains two first floor retail/commercial spaces with two large apartments on the second and third floor. The large building has had extensive exterior work completed; front wall tuckpointing, new windows, some entry doors, and rebuilding the rear deck. Inside there has been some demo, electric work to get the space powered, and some HVAC work started. Residential income could be $2,100 and $2,500 for the commercial spaces for a total monthly income of $4,600 ($55,200 annually). The numbers make sense if you're willing to take on this project. The interior is in need of a full renovation for the residential and first floor spaces. Spanning 9,750 SF this expansive building in ready for someone to take it to the finish line. There has been much improvement along S Broadway and this large property would be a great addition! Call you contractors and check this one out before its gone!
