830 N Clarkson is an appealing 7-unit apartment building that still retains much of its historical charm today. The property is located in the heart of the Capitol Hill neighborhood and was originally built as a mansion which was later converted to an apartment building in the early 1900's. The property consists of 2 studios, 4 1Bd/1Ba, and 1- 1Bd/1Ba basement unit. The building features extensive updates which include: 6/7 units renovated, new exterior paint, new back exterior staircase, PEX plumbing, newer roof installed in 2017, newer windows, and coin-operated laundry. Additionally, there are 6 off-street parking spaces with an additional 3-car detached garage which provides a rare amount of parking for this neighborhood. The opportunity with this asset is to own a turn-key building in a premium location at a 5% current cap rate! You can continue to operate the building as-is or there is even more upside with short-term rentals, which has already been proven by one of the 1Bd/1Ba units currently rented out at $2,200.
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