Investor opportunity in the heart of Central Square! This well-maintained 8-unit mixed-use building features 7 fully rented residential apartments and 1 commercial space currently operating as a barbershop. Ideally located just half a mile from Central Square High School, this property offers consistent rental demand and visibility for the commercial tenant.
The property includes a massive parking lot that easily accommodates both residential and commercial needs—ideal for tenants and customers alike. The front building is protected by a durable metal roof, while the rear structure has a traditional asphalt roof, both in solid condition.
With a 9% capitalization rate, this asset provides strong, immediate cash flow and room for long-term appreciation. Even with under market rents. Whether you’re a seasoned investor or looking to expand your portfolio with a solid income-producing property, this building offers a blend of stability and upside in a growing area.
8,242 Sq Ft
1.0829 Private Acres Exterior Space
Investment
$11,799 Annual Tax
Built in 1960
MLS/Listing ID S1619581
2 Stories
8 Units
Parking - No Garage
Parking - Threeormore Spaces
Metal
Gas Water Heater
Construction - Vinyl Siding
Hardwood
Ceramic Tile
Heating - Gas
Heating - Electric
Heating - Baseboard
ZACHARY JOHNSON - 315-396-0493
Source of Data: NEW YORK STATE MLS
TOTAL MONTHLY COST
-
-
-