Description
***Great Investment 2 Buildings for the Price of 1***The two-story residential corner building (S - Potomac St) enjoys close proximity to the popular Art & Entertainment District and features 4 - 1 bedroom units with a 100% occupancy rate and a gross yearly income of $43,200. Units have been updated w/in the past year as well as the railings on the+-stairwell. The one-story commercial-zoned building (W Lee St) has 4 Private Rooms with 2 updated Bathrooms + one additional efficiency apartment w/full bath and an updated kitchenette. The roof was replaced on 08/25/2021 as well as all flooring and fresh paint. A new sprinkler system was installed in 2022. Poured concrete was applied to the entire basement foundation. The (W Lee St) building is currently awaiting county approval+-for electrical and plumbing upgrades. It is currently zoned for commercial retail but can be rezoned+-to residential. It's up to the new owner to decide! The property is being sold STRICTLY AS-IS AND CAN ONLY BE SHOWN AFTER A LETTER OF INTENT HAS BEED SUBMITTED AND ACCEPTED. Please call the listing agent for additional questions or to submit an offer.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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4,858SQFT
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$93$/SQFT
School Information
Description
***Great Investment 2 Buildings for the Price of 1***The two-story residential corner building (S - Potomac St) enjoys close proximity to the popular Art & Entertainment District and features 4 - 1 bedroom units with a 100% occupancy rate and a gross yearly income of $43,200. Units have been updated w/in the past year as well as the railings on the+-stairwell. The one-story commercial-zoned building (W Lee St) has 4 Private Rooms with 2 updated Bathrooms + one additional efficiency apartment w/full bath and an updated kitchenette. The roof was replaced on 08/25/2021 as well as all flooring and fresh paint. A new sprinkler system was installed in 2022. Poured concrete was applied to the entire basement foundation. The (W Lee St) building is currently awaiting county approval+-for electrical and plumbing upgrades. It is currently zoned for commercial retail but can be rezoned+-to residential. It's up to the new owner to decide! The property is being sold STRICTLY AS-IS AND CAN ONLY BE SHOWN AFTER A LETTER OF INTENT HAS BEED SUBMITTED AND ACCEPTED. Please call the listing agent for additional questions or to submit an offer.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-08T23:52:02.357.