Property Description

Great investor opportunity! This historic Sherman Hill property was built as a 3-plex in the early1900s. Each floor had a 1,400 sf, two bedroom apartment with a formal dining room, large living room and sunroom. Some original tile and hardwood flooring remain in the building and could be restored. The original fire boxes and chimney remain in the building. The main building has a newer commercial TPO roof, installed by the previous owner, and the interior of the building is mostly demolished, ready for restoration. The back addition has some fire damage and needs repair. Seller can complete repairs prior to close, if requested. The property is eligible for state historic tax credits up to 45%. Contact your realtor to ask about historic tax credit details. The property will also qualify for 10 year tax abatement on all improvements. Floorplan drawings for3 bedroom layout available upon request. This building has tons of potential and is in a great location. Convenient to downtown, parks, Ingersoll, Gateway, restaurants, breweries, and Hoyt Sherman Place. Contact a realtor and set a time to stop by and check this opportunity out!

Property Features

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