Mixed-use investment opportunity with over $30,000/year in current rental income and additional upside from a 4th unit! This well-maintained property features 3 income-producing residential units in the main building, each with a private entrance, plus a detached garage ADU that, with just a couple finishing projects, could generate an additional $800/month or more. Zoned for both commercial and residential use, the property offers excellent flexibility for investors, owner-occupants, or entrepreneurs. Formerly home to Angela's Hair Salon, the building has been thoughtfully converted to residential use while retaining the potential for future commercial use. The 1st floor includes a 2-bedroom apartment with laundry hookup and vaulted ceilings, plus a studio apartment with vaulted ceilings, kitchenette, walk-in shower, and flexible living space. Upstairs is a 1-bedroom apartment with separate utilities and its own furnace. The lower rear unit is handicap accessible with ramp access. Everything is in great shape and well maintained. A large paved parking lot accommodates approximately 12 cars and includes exterior lighting. Commercial signage on the front and side of the building conveys with the sale. The basement offers 2 laundry hookups and additional finished space formerly used as a salon break room, complete with electricity and a sink, providing flexibility for storage, tenant amenities, or future use. The detached garage ADU is a hidden bonus. Take a look at the photos—who would have guessed a secret studio could be so gorgeous? All it needs is a range and completion of the bathroom to become a possible 4th unit. Current rents: Unit A $975/month (utilities included), Unit B $763/month plus utilities, and Unit C $800/month (utilities included). Unit D, the garage ADU, has never been rented and offers significant additional income potential. Current rents are below market rates. Add the potential 4th unit and you have true cash flow potential, PLUS the sellers also own the 2-unit next door and may be willing to sell both properties together for the right package price. Showings require 48 hours' notice and must be accompanied by the seller's agent.
2,466 Sq Ft
0.1928 Private Acres Lot Size
other
US$369 Monthly Tax
Built in 1960
MLS/Listing ID R1693198
2 Stories
4 Units
Construction - Vinyl Siding
Carpet
Laminate
Vinyl
Block
Heating - Gas
Heating - Baseboard
Heating - Electric
Heating - Forced Air
Cooling - Ceiling Fans
Skylights
Washer Hookup
Lot - Irregular Lot
Lot - Near Public Transit
Low Threshold Shower
Accessible Approach with Ramp
Gas Water Heater
Public Water
Water
Community Sewer
Shingle
Porch
Open
Parking - Twoor More Spaces
Parking - Paved
Parking - Common
Style - Fourplex
TOTAL MONTHLY COST
US$0
US$0
US$0