A fully remodeled mixed-use property at 427 S Pearl Street offers a rare opportunity to own a historic, income-producing asset in the heart of Albany. The ground level features a commercial bar space enhanced with a dining area, updated bar, kitchen, and ADA-compliant bathroom, ideal for restaurant operations. Key updates include new high-efficiency gas heater (2025), updated electrical wiring and panels (2023), and PEX plumbing (2024). The property includes two spacious 2-bedroom apartments with quality layouts, laundry, and modern amenities. One apartment is leased at $1,300/month with the second unit ready for occupancy. Positioned in a strong rental market, the property currently generates over $18,000 annually in residential income with potential for higher returns. A previous restaurant operator paid approximately $1,500 monthly, and the liquor license approval process has been initiated for renewed business operations. Current cap rate is estimated at 11.3%, providing a compelling opportunity for investors seeking turnkey solutions and multiple revenue streams in a high-demand area.