Offered for sale is a mixed-use investment property consisting of one retail unit and two renovated residential apartments on a 9,000-square-foot parcel. The property contains approximately 4,517 SF of rentable space and benefits from diversified income generated by both commercial and residential tenancy. The two second-floor apartments have been recently renovated and feature gas-fired central heating and air conditioning, while the retail space and basement utilize oil-fired hot water heat with wall-mounted air conditioning units.
The property is designed for efficient operation with separate utility responsibility for tenants, individual electric metering, and 200-amp electrical service. Additional amenities include a full basement for storage, a detached two-bay commercial garage, and 12 dedicated parking spaces. Current gross rental income totals $90,480 annually, generating a current net operating income of $38,030.93.
Investors may benefit from future income growth through potential retail rent adjustments to prevailing market levels. Combined with recently renovated residential units, ample parking, and supplemental storage and garage improvements, the property presents an opportunity to acquire an income-producing asset with both current cash flow and value-add potential.