47 Essex St

ESSEX STREET INVESTMENT OPPORTUNITYA 25' wide eight unit six story mixed use walk up apartment building. The ground and second floors have two stores each. Floors three through six have two apartments per floor, they are one bedroom rail road style apartments. The commercial and residential apartments are individually metered for gas and electric. All the units have gas blowers for heat. The building does not have a boiler but it does have a water heater which is located in the basement along with the gas and electric meters. The property is a prime investment opportunity because an investor can charge the tenants more rent by renovating the apartments and the common areas. Since the stores are on a month to month basis with no long term leases an investor can rent them to a popular food establishment or an art gallery. The stores also makes the property a great user opportunity, because a user can occupy them and use the apartments above as rental income.