Photo 1 of 52
$880,000
Sold on 8/13/24
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$13,602 |
1928 |
On the market:
52 days
|
View full details, 15 photos, school info, and price history
Cash flow, location, character... Don't sleep on this great downtown mixed use property. Over a 9 cap at acquisition with room to grow rents and find yourself sitting on a double digit cap rate in short order. 12 apartments, 2 storefronts, 2 storage areas and a garage gives an investor numerous avenues to generate income. Outstanding location in the heart of the 6th street corridor and adjacent to the Machinery Row land earmarked for future development. Beautiful brick building with masonry details from a bygone era of true craftsmanship. Retail is fully leased to 2 great users, a half-floor storage tenant and apartments are a breeze to keep fully occupied in a building with this location and beauty. Bring your buyers and make your offers, this one will have a big fan base for sure!
Listing courtesy of Segal Goldman Realty Group*, RE/MAX Service First