NEW REDUCED PRICE!!! Excellent income producing mixed-use corner property including 5 units and a successful fully equipped laundromat business included in the sale. 2 commercial units currently fitted with a hair saloon/barbershop and a laundromat make up the ground floor with 3 residential apartments above (2x 1-bedrooms & 1x 2-bedrooms). Currently the 1-bedroom units are vacant and require some TLC. The laundromat features 18 commercial Maytag washers and 21 dryers. The property is currently underutilized, a savvy landlord can easily obtain a 18% cap with current expenses. Take advantage of an old church across the street being converted into a brand new community center adding traffic to the location. This property is a must to add to your property portfolio if you are looking for both passive and residual income.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
