Investors, seize the opportunity to unlock the potential of this unique mixed-use property, strategically zoned for both commercial and residential use. This value-add investment is ripe for transformation and promises significant returns for those ready to capitalize on it.
The property features three residential units upstairs, each offering a blank canvas for modernization and customization. Downstairs, one (or possible two) commercial spaces provide the perfect venue for businesses, retail, or offices, benefiting from excellent street visibility and foot traffic.
While the interior requires a complete overhaul, the building's structure is sound, with a new roof installed in 2021 along with new windows on the second floor. Repairs were made in 2023 from previous fire damage.
This property is a true value-add gem, offering investors the chance to craft a lucrative asset by reimagining the space. Median rent in the 45403 zip code is $900. Multiply that by the 3 residential units and add it to the 2,500+ additional square footage of rentable commercial space. With the right vision and investment, the potential for significant capital appreciation and robust rental income is well within reach.
Please be cautious and watch your step while touring the property. Best to bring a flashlight. No utilities on.