Exceptional investment opportunity in a prime downtown location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, with 7 units currently tenanted. The two vacant residential units are being renovated for increased rental potential. Includes a fully operational, cash-generating Laundromat the only one in town owned by the seller. Zoned Village Commercial (VC), this property offers diverse usage options, with separate electrical panels for each unit. Ample owned and municipal parking available. Known as one of the nicest multi-residential buildings in town, it has a history of natural tenant turnover every 2-4 years, keeping rents competitive. Don't miss out on this rare opportunity! **** EXTRAS **** An excellent opportunity to separate the laundromat and sell that business. Further utility separation could explode your NOI and offer a huge bump in valuation. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
75 x 167 ft
Listing Contract Date
2024-08-22
Location Description
King St E and Maybee Ln
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Village Commercial (VC)
Business
Business Type
Residential
Business Subtype
Apartments
Building
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
75 x 167 FT
Size of Irregular Land
75 x 167 FT
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