Sale includes a cash flowing-16- unit Apartment Building on .73 acres zoned R-29 and an adjacant, .34 acre lot zoned R-29, perfect to construct some new multifamily for the under-supplied market. Conveniently located in the rapidly transforming Midtown-Siler district...close to Meow Wolf, 2nd Street Brewery, Dual Brewery, Java Joe's, and Natural Grocer's. 10 of the 16 studio units have been stylishly upgraded with full interior remodels and they are crisp, clean and contemporary. New kitchens, new appliances, new lighting, new flooring, and new bathroom finishes, key pad entry. The tenant profile has transformed to working professionals, college graduates, and student millennials. The water is supplied with well water, gas & electric are master metered. The property is about to be repaved and the seller is continuing to rehab units as hey become vacant.