Roosevelt Tamale Parlor Building on Market Again, Up $1.35 Million After 5 Months
— By Jack Morse (@jmorse_) |
The building housing Roosevelt Tamale Parlor is back on the market. It was just five months ago that the 24th Street building was sold for $1.85 million. And now it seems like that price was a bargain. According to SocketSite:
While the Tamale Parlor remains in place and is turning a profit at its current rent [of $4,500 per month with a long-term lease], the two [upstairs] flats have since been emptied of tenants and renovated.
And the entire building at 2817 24th Street, at the heart of Calle 24, is now back on the market with a $3.2 million price tag.
That the price of the building jumped 73% in five short months is sure to turn heads. And while Roosevelt Tamale Parlor may have a long-term lease (at least according to SocketSite), the new listing price suggests that the Parlor may have some trouble whenever their lease does expire.
[Photo: Hollyce Jeffriess]