Exceptional mixed-use investment opportunity in the heart of historic Mineral Point. This income-producing property features six fully leased residential apartments generating over $73,800 in annual gross income, plus an established commercial tenant and eight additional office suites offering significant upside through future leasing or reconfiguration. A lower-level garden suite provides additional value-add potential for residential or commercial use. Numerous capital improvements have already been completed, including tuckpointing, structural reinforcements, updated electrical, newer roof, and new deck and stairs, minimizing near-term capital expenses. Located on a high-visibility corner in downtown Mineral Point, this property offers immediate cash flow with excellent long-term appreciation and income growth potential. A rare opportunity for investors seeking a stabilized asset with value-add potential in a thriving historic community.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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