This is a fantastic chance to capitalize on a 13-unit mixed-use building in an up-and-coming part of the city. With a significant portion of the heavy lifting already completed, this property is poised for its next phase of growth. Finish the “in-progress” renovation of 3 residential units, fill the 3 other vacancies and this building will be set to generate steady income. With large 1-bedroom units and nearby public transportation, these downtown units will be in high demand. Recent upgrades include; new cement board siding, trim, paneling, select windows, new hot water systems for the entire building, new heating systems, roof repairs, removed the chimney and completely updated the common area with exterior doors, lighting, new flooring and new sheetrock for an open and modern feel. This is a great building, just about set to be a lifelong investment that will allow you to benefit from the value added and the continued appreciation of a sought-after and growing market.
9,362 Sq Ft
6,142 Sq Ft Exterior Space
Investment
$18,167 Annual Tax
Built in 1900
MLS/Listing ID 73349391
5 Stories
13 Units
Slate
Hardwood
Construction - Stone
Listing Courtesy of J. BORSTELL REAL ESTATE, INC., PATRICK HERMANS - 254-383-5521
Source of Data: MLS PROPERTY INFORMATION NETWORK