2229 24th Street


2229 24th Street

Region: Midtown
Use: Multifamily
Lot Size: .07 acres
Lease or Sale: Sale
Building Size: ±3,100 SF
Sale Price: $1,225,000

Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 2229 24th Street, a premiere triplex investment on the cusp of Midtown and Land Park. The Property is being offered for $1,225,000 which equates to a 4.14% cap rate on existing income.

2229 24th Street (the “Property”) is a three-unit residential building comprised of 2 one-bedroom and one-bathroom units on the ground floor and 1 three-bedroom and one-bathroom unit on the entire second floor. The Property was substantially remodeled within the last three years, including new finishes throughout all three units, energy-efficient dual-pane windows on both floors, new HVAC units (two mini-split), custom metal work on the exterior, and a recently landscaped back courtyard area. The Property also features a 572 SF three-car garage to the east of the Building, accessible off W Street.

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