Multifamily Conversion Opportunity

Highlights

• - Financially distressed property
• - Over 60,000 SF spread across three buildings
• - Must sell scenario
• - Beauitful Grounds
• - Ample Parking
• - Prime location

Description

A tremendous value-add opportunity for a multi-family conversion directly behind the New Castle High School. This portfolio consists of three buildings on two parcels: a 71-bed personal care, 4-unit mansion, and 12-unit partially occupied apartment building. This financially distressed opportunity is under a wrap mortgage and must be sold in one transaction.

The subject sites are directly acrosse from New Castle High School and located on cross streets East Licolnn Ave and Rhodes Place in New Castle.

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