Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 8% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
6,457 Sq Ft
3,615 Sq Ft Lot Size
investment
US$14,000 Annual Tax
Built in 1960
MLS/Listing ID 73481847
4 Stories
4 Units
Cooling - Wall Units
Construction - Brick
Community - Public Transportation
Community - Shopping
Dishwasher
Microwave
Range
Refrigerator
Public Water
Public Sewer
Picture Window
Shingle
Upgraded Cabinets
Studio
Office/Den
Living Room
Living Room/Dining Room Combo
Lead Certification Available
Upgraded Countertops
Ceiling Fans
Bathroom with Tub and Shower
Lot - Corner Lot
Heating - Baseboard
Heating - Natural Gas
Slab
Tile
Natural Wood
Wood Burning Fireplace
TOTAL MONTHLY COST
US$0
US$0
US$0