Perfect 1031 Tax Exchange R-2U University property located at Shamrock and Stadium. This property needs to be sold along with 126 Shamrock Road; Total price is $1.6M. Both properties are zoned R-2U. Additional expansion could be added to this property along with 126 Shamrock Road making each property great investments. Both properties have a separate one bedroom cottage/loft apartment. Currently leased at $$2325 per month. 126 Shamrock is leased at $$3100 per month. In July '22, 128 Shamrock will be leased at $2900, and 126 Shamrock $3250. Cap Rate = Approximately a 4% ROI with a Cash Purchase. With the new zoning in discussion, both 126 and 128 Shamrock are considered "High Density." Multiple units could potentially be built on this land. Property is Sold "as is".
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