Property Description

Exceptional mixed-use property offering strong existing income, modern updates, and additional value-add potential. This turnkey building features a beautifully updated 3-bedroom, 1-bath residential apartment along with an established commercial wellness space, plus an additional approximately 1,050 sq. ft. lower-level unit currently gutted and ready to be finished.The property has undergone extensive improvements, including a brand-new roof, spray foam insulation, new windows and glass, and all-new mechanical systems, providing a modern, low-maintenance investment for the next owner.RESIDENTIAL UNIT | APPROX. 1,200 SQ. FT.Fully updated 3-bedroom, 1-bath apartmentForced-air heat and central air conditioningIn-unit washer and dryerCurrently leased at $2,500/monthExcellent turnkey conditionCOMMERCIAL SPACE | APPROX. 1,050 SQ. FT.Established wellness business with 15 years of experienceCurrently leased at $1,950/monthRenovated in 2023Attractive opportunity for an owner-user or investorADDITIONAL VALUE-ADD SPACEApproximately 1,050 sq. ft.Currently gutted and ready for future build-outSignificant potential to create additional income-producing space, subject to applicable approvalsFINANCIALSCurrent gross rental income: $4,450/monthCurrent annual rental income: $53,400Annual property taxes: approximately $11,000Annual insurance: approximately $2,000Tenants pay all utilitiesWith approximately 3,300 sq. ft. of total space, this property combines established rental income with substantial future upside. The recent capital improvements, existing residential and commercial tenants, and additional unfinished space make this an attractive opportunity for investors seeking income, flexibility, and long-term appreciation potential.A rare opportunity to acquire a professionally updated mixed-use property with income in place and room to increase its earning potential.Buyers agent to confirm all details.

Property Features

Local Schools