5315 Cabanne Avenue

The Cabanne Castle, a three-story Tudor-style brick condominium building in the West End, offers 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath, totaling approximately 31,898 sq. ft. This multi-family rehab is ideal for developers or investors. Many plans and permits have already been approved by the city (some will require renewal), and historic tax credits are available. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. The lower level offers potential for added units, a lounge, or a gym, and an adjacent lot is included for additional parking. Seller financing is available for well-qualified buyers.The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new roof, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. There is potential for more than 20% equity upon completion. Seller financing is available for well-qualified buyers.