Well-maintained apartment complex located in the South Hampton neighborhood, across the street from Christy Park and a half mile from a $72M apartment development that has broken ground. Built in 1928, this building has beautiful architectural detail along with with terrazzo floors in the common areas. There is a value-add component to the property with many rents below market. Owner has raised rents of some original units to $850 a month. 3 units have been updated with one in process, updated units rent from $895 to $920. 1 bedroom apartments nearby are renting for as much as $995. Several units with low rents can be raised as-is with a lease renewal or new tenant. If all rents were raised to the top rents in the building it would generate an additional $59,700 annually. Building has updated electric panels and exterior service, storage units for tenants, some pvc plumbing. Seller currently provides heat through a boiler system. There are 3 commercial spaces rented on the first floor.