Quote:
Originally Posted by Always Sunny in SLC
I like what Moda puts out. What I dont like is losing a building that houses a retail and one that is probably fairly affordable housing for something that I don't expect to have retail included and is obviously not affordable for most.
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The retail won’t be a huge loss. It’s just a small single story space... nothing special about the building. There is another small building behind it. I think it use to be residential... but now it’s boarded up.
Here is a description of the residential space that they will have to be ripped down. I’m not horribly disappointed with that either.
“Just fell out of contract. 17 Unit apartment building in prime downtown location. There is a lot of redevelopment in the area. This is a unique building that is a hybrid of an apartment building and a rooming house. There are 2 buildings on the lot that consist of 10 full 1 bed 1 bath apartments and section of the front building that has 7 single room rentals. The 7 private room rentals have 2 shared bathrooms between them, sort of like college dorm rooms. The gross scheduled income is $8,855 per month which is $106,260 per year. Landlord pays for water, sewer, and garbage for the buildings. Do not disturb tenants. Offers subject to inspection. Call agent for more details.”