This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.
— the listing agent’s description
The home
5 beds
5 baths
Built in 1947
Lot 120 x 130
Two to Four Units
What it’ll cost
$2,201 taxes / yr
No HOA
Listed $440,000
Now $420,000
62 days on dwello
Estimated monthly payment
$2,539/mo
Principal & interest$2,233
Property taxes$183
Homeowners insurance$123
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