Description
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unithistoric building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of whichhaving their own private bathrooms and 4 thriving commercial spaces.The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen,and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building'sdiverse tenant mix.Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot.With zoning approval, this versatile space could be transformed into additional storage, parking, or evenexpanded living quarters, offering further potential to increase value.This profitable property offers stable income with significant upside for the savvy investor. Additionalfinancials are available upon request, and all offers are welcome. Don't miss your chance to own a pieceof history with endless possibilities. Schedule your showing today!
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0BEDS
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0.41ACRES
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0BATHS
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01/2 BATHS
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8,000SQFT
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$356$/SQFT
Description
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unithistoric building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of whichhaving their own private bathrooms and 4 thriving commercial spaces.The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen,and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building'sdiverse tenant mix.Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot.With zoning approval, this versatile space could be transformed into additional storage, parking, or evenexpanded living quarters, offering further potential to increase value.This profitable property offers stable income with significant upside for the savvy investor. Additionalfinancials are available upon request, and all offers are welcome. Don't miss your chance to own a pieceof history with endless possibilities. Schedule your showing today!
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-04T12:53:33.987.