Asking Price: $4,300,000

This is the building you have been waiting for! Built in 1983, this 12-unit apartment complex is exempt from LARSO and has been under the same ownership for nearly 40 years, reflecting decades of meticulous care and maintenance. Spanning two lots, the property offers an excellent mix of spacious floor plans: six 2-bedroom, 2-bath units; two 1-bedroom, 1-bath units; two 2-bedroom, 2-bath units with lofts; and two 1-bedroom, 1-bath units with lofts. There are 22 parking spaces in the secure parking structure under the building and there is plenty of street parking because the majority of the properties on the street are single-family homes or low density multifamily. This is a quality building in a quiet Palms location with stable tenants.