ONE MAN’S THRIVING GAYBORHOOD IS ANOTHER’S MONTROSE VALUE-ADD PORTFOLIO 
What is the Montrose Value-Add Portfolio? “48 apartment-units, 13 townhomes, 1 quadraplex and 5 rental homes with 8-units that include 2 garage apartments; for a total of 73 units, 67,960 rentable square feet, with a land tract of 2.09 acres.” Writes a reader who came across the listing: “This is where I live. I love the phrase ‘The Montrose Value Add Portfolio,’ it practically screams ‘knock it down!’ So much for my old gayborhood!” The properties are all within walking distance of the MVAP’s listed address: 409 Stratford St., a stone’s throw from the always-hopping cluster of bars and clubs on Pacific St. to the north and but a little farther from Numbers and Indika to the south. No asking price is indicated in the marketing materials. [Loopnet; brochure (PDF)] Photo: Transwestern.
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Tag: Avondale East Historic District
Is this Avondale property a home, a compound, or a discrete semi-plex? From the street, at least, the exterior remains discreet about its reworked interior space. And the downstairs does maintain much of the home’s original flow, heavy-with-trim formal rooms, and many of the 1940 structure’s early features (top). The same is true upstairs, though a section on that floor functions as an extensive separate suite. An aerie on the third floor adds even more living space. The property in the Avondale East Historic District appeared as a listing yesterday — with a $579,000 asking price.
4 Quarters
- 204 Stratford St. [HAR]
