Property Description

Value-add mixed-use investment with strong income and upside potential. Located on a 17,424 square foot lot, this 12,742 square foot property features four ground-level commercial units and eight residential apartments, supported by ample on-site parking. Currently, four residential units generate $37,272 in annual gross income. With lease-up of remaining apartments at an estimated $900/month and stabilization of commercial space at approximately $0.75 per square foot, projected gross income increases to $127,000 annually. The commercial units offer immediate improvement potential through clean-up and cosmetic updates, enhancing tenant appeal and rental rates. Additionally, the property may offer future redevelopment or full residential conversion potential (buyer to verify), creating further opportunities for appreciation and long-term cash flow. Ideal for investors seeking a scalable asset with multiple exit strategies and strong near-term and long-term returns.

Property Features