347 Cotter Apartments - Lot 2A

Rare opportunity to own 11-unit apartment complex in the heart of Old Town Port A! Huge 1.189 acre tract of land is zoned C-2 with so much potential. Just steps from the ship channel and ferry, ideal location has the best of ALL worlds: walkable to Old Town shopping and dining; under a block to the ship channel; possible visibility from major thoroughfare Cotter Avenue; easy-access to ferry; yet all tucked away behind adjacent retail property for a quiet, neighborhood feel. Built in 2005 the complex features seven 2 bdrm/2 bath apartments and four 1 bdrm/1 bath units plus a small room for office/storage. Apartments are open-concept with tile flooring throughout, formica counters, and each 2 bedroom has a laundry. Tons of parking, plus includes enough additional land to add a pool, office or maybe more. Individually metered for condo conversion. So many possibilities for short or long term rental, retail or office use, etc. Sold as-is with some units in need of repair, but OUTSTANDING potential.
 

1.189 ACRES LAND
10,902 SF building

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