Descripción

Existing improvements comprise three (3) main structures plus complementary improvements. The facility includes four (4) commercial spaces, nine (9) apartment units and six (6) cottages, totaling a gross building area (GBA) of 12,322 square feet. Structure #1 consists of a three-story mixed-use building that totals 8,611 square feet and is constructed of reinforced concrete and concrete block walls. It consists of a commercial space (Locale #1) on the first floor, a commercial space (Locale #2) and a 1Br-1Ba apartment (Apt. #1) on the second floor and five (5) 1Br-1Ba apartments (Apts. #2 to #6) and a 2Br-1Ba apartment (Apt. #7) on the third floor. The physical condition of commercial spaces can be rated as average. However, the apartments require some repairs/corrections (deferred maintenance) due to the lack of adequate maintenance. The cost of repairs/renovations was estimated at $10,000. Structure #2 consists of a two-story mixed-use building totaling 2,892 square feet and is constructed of reinforced concrete and concrete block walls. It consists of two (2) commercial spaces (Locales #3 and #4) on the first floor and a 2Br-2Ba apartment (Apt. #8) and six (6) cottages on the second floor. The cottages refer to mo