Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
3,065 Sq Ft
0.2827 Privé-hectaren Partijgrootte
eengezinswoning
Ingebouwd 1934
MLS/Listing ID AR26012775
1 Verhalen
3 Eenheden
Wasmachine-aansluiting
Aansluiting gasdroger
Lot - Corner Lot
Parking - Garage
Shingle
Public Sewer
Public Water
Community - Street Lights
Community - Sidewalks
Construction - Stucco
Cooling - Wall/window unit(s)
Verhoogd
Heating - Wall Furnace
Alle slaapkamers beneden
TOTALE MAANDELIJKSE KOSTEN
US$ 0
US$ 0
US$ 0