Sold!
$3,200,000
36
Beds
23/4
Baths
21,000
Living Area
-
Property Description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
-
Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Parking Spots: 17
- Property Type: 5-9 Family
- Total Rooms: 81
- Status: Closed
-
Additional Details
- Basement: Full
- Exterior Features: Rain Gutters, Other
- Foundation: Other
- Road Frontage Type: Public
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: 5+
- Construction: Frame
- Flooring: Wood, Tile, Carpet
- Lot Features: Corner Lot, Other
- Roof: Shingle, Rubber, Other
- Total Number of Units: 24
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
- Parking Features: Paved Drive, Leased, Assigned
-
Utilities
- Electric: 110 Volts, Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $2,420,700
- Taxes: $27,787
- Tax Year: 2026
- Total Rent: $30,450
Similar Listings
Sold
22 Photos
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Amaral & Associates RE.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
