Description
This exceptional investment opportunity offers two properties on one parcel, including a commercial building with two units (Bar/Restaurant) and a residential home, providing significant income with room for growth. The first property features a fully rehabbed lounge and a 3-bedroom apartment above it, currently generating $2,500 monthly, with rents below market value, allowing for potential revenue increases. The lounge and the apartment are on a lease through 2027, offering long-term stability. The property also includes newer windows, electrical, plumbing, a roof replaced in 2019, 20 parking spots, and a 2-car garage. Additionally, both properties are POS compliant. The second property is a newly remodeled 4-bedroom home with an open floor plan, granite countertops, stainless steel appliances, newer windows throughout, and central air. This spacious home includes one bedroom on the first floor and three additional bedrooms on the upper level, with a monthly rental potential of $1,800. To provide extra peace of mind, the seller offers the buyer a one-year home warranty to home. This unique property package is perfect for investors looking to expand their portfolio or those seeking a dual-income opportunity.
-
7BEDS
-
0.24ACRES
-
3BATHS
-
11/2 BATHS
Listing information © 2024 YES-MLS.
Description
This exceptional investment opportunity offers two properties on one parcel, including a commercial building with two units (Bar/Restaurant) and a residential home, providing significant income with room for growth. The first property features a fully rehabbed lounge and a 3-bedroom apartment above it, currently generating $2,500 monthly, with rents below market value, allowing for potential revenue increases. The lounge and the apartment are on a lease through 2027, offering long-term stability. The property also includes newer windows, electrical, plumbing, a roof replaced in 2019, 20 parking spots, and a 2-car garage. Additionally, both properties are POS compliant. The second property is a newly remodeled 4-bedroom home with an open floor plan, granite countertops, stainless steel appliances, newer windows throughout, and central air. This spacious home includes one bedroom on the first floor and three additional bedrooms on the upper level, with a monthly rental potential of $1,800. To provide extra peace of mind, the seller offers the buyer a one-year home warranty to home. This unique property package is perfect for investors looking to expand their portfolio or those seeking a dual-income opportunity.
Listing information © 2024 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-10-10T00:07:40.867.