Description
Downtown Income Property - Charming, Completely refurbished Tri-plex zoned General Commercial with excellent retail street exposure and plenty of parking! Currently utilized as residential rental units, this building could easily be returned to a single family home, or a business in either of the two downstairs units. The owner has completed all the upgrades to the structure, including: insulated concrete foundation, custom engineered standing seam metal roofing, furred out insulated cedar siding, plumbing, heating and electrical upgrades. The owner replaced the majority of windows with a mix of double and triple pane vinyl windows, but left a few of the original single pane windows to keep with the character of the building (front entryway, 3rd Floor). On the 5th Avenue side is a furnished studio apartment with a large arctic entry and architectural details from the 40s. The unit has a large kitchen and a recessed sleeping nook with laminate flooring and private bath. The shared interior corridor has a washer and 2 dryers for tenants use, and also provides access to the unfinished large basement, which provides ample storage. A second ground floor unit also has an arctic entry, 1 bedroom, separate kitchen and small office/den area. Upstairs is the 3rd unit with a large bedroom, kitchen and living room on the second floor, and a private 3rd floor loft with original wood flooring and built-in storage. The owner has installed solar thermal panels on the roof, which heat water for the building from March through October, greatly reducing the energy costs. A two car detached garage is on the property. In addition, a buried utilidor exits from the main house for future water, heat, and sewer to a detached building or future expansion. There is ample parking on site, with room for up to 10 vehicles in the main lot and alongside the main building. The furnishings in the studio apartment and washer and dryers convey with sale. All units are currently rented for a total $3,200.00/mo. of rental income. Immediate cash flow without any repairs necessary! Zoning will require a conventional loan. Listing agent can provide Financials and Rent Roll to qualified buyers or agents upon request. Property Sold As-Is
School Information
Description
Downtown Income Property - Charming, Completely refurbished Tri-plex zoned General Commercial with excellent retail street exposure and plenty of parking! Currently utilized as residential rental units, this building could easily be returned to a single family home, or a business in either of the two downstairs units. The owner has completed all the upgrades to the structure, including: insulated concrete foundation, custom engineered standing seam metal roofing, furred out insulated cedar siding, plumbing, heating and electrical upgrades. The owner replaced the majority of windows with a mix of double and triple pane vinyl windows, but left a few of the original single pane windows to keep with the character of the building (front entryway, 3rd Floor). On the 5th Avenue side is a furnished studio apartment with a large arctic entry and architectural details from the 40s. The unit has a large kitchen and a recessed sleeping nook with laminate flooring and private bath. The shared interior corridor has a washer and 2 dryers for tenants use, and also provides access to the unfinished large basement, which provides ample storage. A second ground floor unit also has an arctic entry, 1 bedroom, separate kitchen and small office/den area. Upstairs is the 3rd unit with a large bedroom, kitchen and living room on the second floor, and a private 3rd floor loft with original wood flooring and built-in storage. The owner has installed solar thermal panels on the roof, which heat water for the building from March through October, greatly reducing the energy costs. A two car detached garage is on the property. In addition, a buried utilidor exits from the main house for future water, heat, and sewer to a detached building or future expansion. There is ample parking on site, with room for up to 10 vehicles in the main lot and alongside the main building. The furnishings in the studio apartment and washer and dryers convey with sale. All units are currently rented for a total $3,200.00/mo. of rental income. Immediate cash flow without any repairs necessary! Zoning will require a conventional loan. Listing agent can provide Financials and Rent Roll to qualified buyers or agents upon request. Property Sold As-Is