Prime Income-Generating Property: Commercial Building with Turnkey Business & Apartments
Welcome to an exceptional investment opportunity at the bustling intersection of Madison Ave. and Harrison St. This income-producing commercial building is strategically positioned in a highly visible area, boasting a turnkey laundromat on the main floor and two upstairs apartments.
Features:
• Turnkey Laundromat: The main floor of this property features a turnkey laundromat, ready to be revitalized and operationalized for immediate income generation. Alternatively, the space offers versatile potential for various business, commercial, or office purposes, catering to your entrepreneurial vision.
• Residential Units: Upstairs, you’ll find two one-bedroom apartments, each contributing to the property’s revenue stream. BOTH UNITS WILL BE VACANT AT THE TIME OF CLOSING!
• Building Improvements: Enjoy peace of mind with building upgrades, including maintenance free vinyl siding, many replacement windows throughout the building and an architectural shingled roof.
• Independently Metered Utilities: Efficiency is key. Gas and electric utilities are separately metered, ensuring that tenants take responsibility for their usage. The landlord’s obligations are limited to trash and water expenses, simplifying management.
• Convenient Parking: Convenience is paramount. In addition to ample street parking, the property features a rear parking lot, providing ease of access for tenants and customers alike.
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