233 Washington Ave
$1,415,000
7
Beds
4/2
Baths
6,457
Sqft
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$1,415,000
7
Beds
4/2
Baths
6,457
Living Area
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Property Description
Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 8% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
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Highlights
- Cooling: None, Wall Unit(s)
- Levels: 4
- Property Type: 4 Family
- Total Rooms: 16
- Status: Active
- Heating: Baseboard, Natural Gas
- Property Class: Residential Income
- Stories: 4
- Year Built: 1960
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Additional Details
- Appliances: Range, Microwave, Refrigerator, Dishwasher, Other
- Fireplaces: 1
- Foundation: Slab
- Lot Features: Corner Lot
- SqFt Source: Owner
- Year Built Details: Actual
- Zoning: Mixed Use
- Construction: Brick
- Flooring: Wood, Tile
- Interior Features: Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Owner
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Amenities
- Community Features: Public Transportation, Shopping
- Security Features: Security System
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,126,500
- Tax Year: 2025
- Total Rent: $12,000
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $14,000
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