US - Jacksonville, FL
Jones Lang LaSalle (JLL) is pleased to offer for sale Irving School Apartments. Constructed in 1895 in the Renaissance-Revival Style, the former Irving School was renovated into 44 attractive and affordable homes in the Irving Neighborhood of West Duluth. Its quaint and historic nature is demonstrated by the property's transoms, iron staircases, stained glass, and 13+ foot ceilings, all beautifully preserved during its 1978 conversion. Irving School Apartments preservation is commended by its inclusion in the National Register of Historic Places in Minnesota. Community amenities include on-site management, controlled access entry, bike racks, playground, and outdoor patio. The units boast expansive floor plans, refreshed kitchens, large closets, and modern flooring.
Irving School Apartments benefits from its sought-after location in the city of Duluth, with immediate proximity to shopping and dining, recreation, essentials, and more amenities as well as its access to premier employment opportunities. Additionally, Irving School Apartments affordability requirement will terminate at the end of 2023, presenting investors with a rare and multi-faceted value-add opportunity.
The property is perfectly positioned to expand on its current performance for years to come. Offered for sale free and clear of existing debt, JLL is seeking qualified offers to purchase this award winning asset with an anticipated closing date in Q3 2023.
BEST-IN-CLASS HISTORIC PRESERVATION
LOCATED WITHIN A PREMIER URBAN-SUBURBAN COMMUNITY