





Description
This opportunity consisting of 3 single family homes is directly across from CSU & within Old Town FTC. The 3 properties- 117 Locust (MLS# 931913), 901 Remington (MLS# 931924), 931 Remington (MLS# 931917) are on the same block adjacent to a long standing hotel & are zoned NCB, which allows flexibles uses including short term rentals. Properties will be sold in as-is condition & seller prefers to sell all 3 properties to 1 buyer. Redevelopment of 931 Remington & 117 Locust may be advantageous as they abut each other. Having been long-term rentals, these properties also have the potential for increasing rent to reflect the market, after renovation. The properties are designated as historical & are eligible for tax credits, 0 interest deferred loans & grants. Seller is open to creative partnership ideas to collaborate w/ the adjacent hotel. All homes are currently being rented but have the option to terminate the leases with 60-day notice & a small fee.
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