Sold!
$1,395,000
13
Beds
3/2
Baths
7,830
Living Area
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Property Description
This 14-unit mixed-use property delivers strong, predictable cash flow through a proven modern co-living model. The asset includes a NNN-leased restaurant, one full studio apartment, and 12 furnished rooms (beds, smart TVs, and refrigerators).The property has been fully renovated, including new electrical and plumbing systems, siding and windows, four new HVAC systems, sprinkler and fire alarm systems, flooring, lighting, carpentry, and insulation. Annual gross revenue exceeds $200k with actual operating expenses of approximately $55k for self-managed operator. Plus Coin-Op laundry income and other value-add still remains. The property was redesigned and branded to attract higher-quality residents, offering free internet and cable, heating and A/C, parking, and professionally maintained common areas, resulting in lower turnover. Ownership says key is in tenant screening and requirement of three months paid upfront to reduce vacancy and risk. Seller willing to remain as consultant
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1912
- Parking Spots: 7
- Property Type: 5-9 Family
- Total Rooms: 20
- Status: Closed
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Additional Details
- Basement: Full
- Exterior Features: Rain Gutters
- Flooring: Vinyl
- Lot Features: Corner Lot
- Roof: Shingle, Slate
- Total Number of Units: 14
- Year Built Source: Public Records
- Construction: Frame
- Fireplaces: 1
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Measured
- Year Built Details: Approximate
- Zoning: Bb
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Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station, Other
- Parking Features: Off Street, Common
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $765,600
- Taxes: $12,472
- Tax Year: 2025
- Total Rent: $16,830
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 Lyv Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
