1200 S Carrollton Avenue

Description

Amazing Historical Commercial/Residential building in the heart of the Uptown/Carrollton area on the highly sought out corner of Oak St/Carrollton Business District. This building is currently vacant, ready for its future new owner to renovate it back to its glory days. Not only is this property in an X flood zone which does not require flood insurance but another huge plus is this property has been verified with one of the top tax credit attorneys in the city that this property qualifies for a 25% state and 20% federal tax credits on improvements for a total of 45% to be reimbursed once renovations are completed through the proper procedures. This property consists of 2 prior commercial units on the first floor and a total of 6 residential 2 bedroom / 1 bathroom units on the second and third floors. Seller will be only be reviewing and entertaining all highest and best offers from all qualified/preapproved buyers only. Buyers must submit either proof of funds or preapproval letter prior to all scheduled showings with their agents and/or offers. Serious inquiries only. NOTE: This property needs to be renovated and this property is being sold as is with no repairs and no price reductions whatsoever.