Introducing an exceptional investment opportunity: A prime mixed-use building located on Van Duzer Street with one of the Islands best cocktail bars, The Coupe. Located just minutes from the ferry, this property boasts a total of three thriving commercial spaces and two residential units making it an ideal prospect for… Read More savvy investors. Both residential units are kept in incredible shape, The first unit is a 4 bedroom/1 bath while unit 2 is a 3 bedroom/1 bath. Both fully occupied. The commercial tenants are all long term. The three commercial spaces are made up of a beauty salon, a restaurant that is a staple in the neighborhood and 'The Coupe', a beloved cocktail bar with a great reputation. Located in a highly demanded area, this property presents a significant upside for investors. The burgeoning neighborhood ensures a constant influx of potential customers for the commercial spaces. All residential units are currently priced below the market rate, offering an immediate opportunity for increased rental income. Investors can capitalize on this potential by adjusting rents to match the prevailing market rates. This property is perfect for investors seeking substantial upside potential in a prime location. Read Less
Courtesy of Prereal Prendamano Real Estate.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family
Square Ft.
6,000
Lot Size
0.08 Acres
Year Built
1931
MLS Number
2502323
30 Days Snapshot Of 10304
$821k
+16%
(avg) sold price
18
+20%
homes sold
161
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
3,399 square feet, 0.08 acres, Area: 3,399
Building
Built in 1931, Building area total: 6,000, Leasable area: 6000, 1 building, 2 total stories, Construction materials: "Other"
Expenses
Operating expense: $58,117
Heating
"Hot Water", "Natural Gas"
Income
Gross income: $160,200, Net operating income: $102,083
Parking
1 total parking, "Street"
Property
Zoning: R3 - 2
Sewer
"City"
Taxes
Tax annual amount: $28,904
Utilities
Electric: "220 Volts"
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