Turnkey Mixed-Use Investment Property

Description

This Mixed-use property, currently configured as a five-plex with 3 office units, offers a fully turnkey investment opportunity in a prime location. Zoned MD and extensively renovated, the property generates a gross income of approx. $100,000/year, with strong, reliable tenants and fully automated processes, including rent collection through PAD. The property features a versatile layout and significant income potential. The property underwent a full insurance renovation in 2000, following a fire, with upgrades to electrical, plumbing, and windows, and additional updates between 2020 and 2022, including fresh paint, new flooring, and several window replacements. Tenants are a mix of professionals and students, with all residential and commercial occupants holding liability insurance and maintaining a perfect payment history for the past 4-5 years. The basement (approximately 1,584SF), is currently vacant and ideal for offices or storage, with tenant interest in bike and goods storage.

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