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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Commercial Sale | Sub Type: | MLS Number: | 9990157 | |
| Living Area: | 10,000 | Lot Acreage: | 1 | Year Built: | |
| Elementary School: | Middle School: | High School: |
Property Description
Excellent investment opportunity featuring four separate structures with immediate income and significant upside potential. Additional properties are located at 225 2nd avenue, 402 Queen Street, and 710 Lynncrest. This portfolio includes a brick quadplex that is fully rented, providing steady cash flow from day one. Also included is a large downtown building offering a storefront space in need of renovation, presenting an ideal value-add opportunity, along with a 3-bedroom apartment that is currently rented. A second quadplex is partially occupied with 3 of 4 units rented, and a newer duplex with both units rented adds modern appeal and stability to the income stream. Rents across the properties have not been increased in quite some time, offering strong potential for future growth through rent adjustments and improvements. With multiple income-producing assets and room to add value, this is a rare opportunity for investors seeking both immediate returns and long-term upside.taxes are approximate, as tax rate hasn't yet been determined for new assessment
Listing Status
Active
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More Listing Info
AC:Heat Pump3 true Business Type:Condo true Business Type:See Remarks33 true Business Type:Vacant2 true Contract Info:Foreclosure No Development Status:See Remarks37 true Electric Service:220 Volts true Exterior Finish:Brick4 true Exterior Finish:See Remarks3 true Exterior Finish:Vinyl Siding true General Property Description:Acres 0.5 General Property Description:Annual Lease 75000.0 General Property Description:HOA YN No General Property Description:Lease No General Property Description:Lot Size2 See acreage General Property Description:Total SqFt Finished 10000.0 General Property Description:Total SqFt Unfinished 0.0 General Property Description:Zoning2 Commercial Heating:Heat Pump2 true Info Available:ProfitLoss Statement true Location Tax Legal Info:City Taxes 700.0 Location Tax Legal Info:County Taxes 2000.0 Other Equipment:None22 true Remarks Misc:Directions3 From front st, turn right on 2nd st left on diagonal Remarks Misc:Public Remarks7 Excellent investment opportunity featuring four separate structures with immediate income and significant upside potential. Additional properties are located at 225 2nd avenue, 402 Queen Street, and 710 Lynncrest. This portfolio includes a brick quadplex that is fully rented, providing steady cash flow from day one. Also included is a large downtown building offering a storefront space in need of renovation, presenting an ideal value-add opportunity, along with a 3-bedroom apartment that is currently rented. A second quadplex is partially occupied with 3 of 4 units rented, and a newer duplex with both units rented adds modern appeal and stability to the income stream. Rents across the properties have not been increased in quite some time, offering strong potential for future growth through rent adjustments and improvements. With multiple income-producing assets and room to add value, this is a rare opportunity for investors seeking both immediate returns and long-term upside.taxes are approximate, as tax rate hasn't yet been determined for new assessment Restrictions:Deed true Road Access:City Street true Roof:Metal3 true Roof:Shingle true Sale Includes:Fee Simple true Sewer:Public Sewer true Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
REMAX Results Bristol
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