A great and unique investment opportunity to generate income from multiple sources. This property is zoned commercial (LB) and is located in the short term rental overlay, making the property eligible to receive a short term rental permit.
The two residential units are on the first, second and third floors with each one having their own separate access. The unit on the first floor has four bedrooms and two bathrooms, all on the same level. The unit on the second floor has four bedrooms, two of the bedrooms are on the third floor, and one bathroom.
The commercial space on the ground floor can be used for a variety of businesses, it has been gutted out providing the new owner or new tenant to upfit it according to their plans.
In the back is enough land to be developed into another approximately 1,800 SF building. If the building is developed, there will be five off street parking spots available in the back.
Prior to placing the property on the market, the owners improved several items: All exterior and interior was painted, new back stairs were installed to both residential units, one of the HVAC units was replaced, new BAR compliant rails installed on front balconies, first floor back bathroom has new tile and sub-flooring, new fence installed, and new windows installed on the commercial space.
- Commercial Unit on ground floor has two rooms and a storage area. Total size 880 SF.
- Residential Unit A (First floor) on the main first floor has 4 bedrooms and 2 bathrooms. Total size 1,749 SF.
- Residential Unit B (Second and third floors) on the second and third floor has four bedrooms and 1 bathroom. Total size 1,760 SF.
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