Sold!
$1,000,000
7,029
Living Area
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Property Description
7 Unit investment opportunity with value add potential! This mixed-use, stand-alone building sits at the corner of Union and School St, adjacent to Pride and Dunkin Donuts, and is located within the downtown district in the newly revamped area of the Union St Project. This project included many visible improvements, such as newly paved roads and accessible sidewalks, which are driving in businesses and increasing its visitors. The property consists of 4 residential apartments, 3 commercial storefronts and offers 10 off-street parking spaces. Many upgrades have been done over the years to include newer windows, boiler, water heaters, fire escapes, gas meters, electrical and more. The property is already cash flowing, has rental increases beginning soon, and there's opportunity for more. Great addition to a portfolio or owner user!
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Highlights
- Property Class: Commercial Sale
- Status: Closed
- Year Built: 1894
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Additional Details
- Zoning: Db
- Zoning Description: Other (See Remarks)
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Fees / Taxes
- Tax Year: 2024
- Taxes: $8,167
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Listing information provided courtesy of Jack Dunphy.
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