Montrose-area real estate investor (and frequent Swamplot commenter) Cody Lutsch expects to close later this month on 3 apartment buildings on Holman just east of HCC between Crawford and 288 that he calls “the worst of the worst” in Midtown. A web listing for the properties cautions potential buyers: “DO NOT WALK THE PROPERTY AND DISTURB THE TENANTS. (it’s for you own good, i mean it).” Lutsch calls the group of buildings, which date from 1938 and has seen half a dozen owners over the last 10 years, “very very rough . . . Police are always going over there, there is drugs, prostitution . . .”
The buildings are at 1624 and 1628 Holman . . .
and 3508 Mosley Ct.:
Each is 2 stories, and sits on top of its own garage. They total 49,815 sq. ft., on a little more than half an acre. Lutsch tells Swamplot he wants to keep the buildings “as ‘original’ as I can, while still making it modern, safe, and attractive. . . . The place needs a TON of work.”
In advance of closing, Lutsch says he’s already begun taking over management of the 56-unit property, as well as working on repairs and upgrades. One “model” unit is already complete; Lutsch says he’s already ordered supplies to complete work on 8 more.
- 1624, 1630 Holman & 3508 Mosley [LoopNet]
- Previously on Swamplot: Third Montrose Skylane Apartment Building Turns Over, A Neighbor’s Plans for the West Alabama Skylanes
Photos: Andrés Fernández‐Cueto