This property needs work, but has huge potential for an owner occupied residence with business downstairs or as a great investment property. This large, 2 unit, corner property has a ground floor unit currently set up for a commercial space which has a history of variance approval and a large 4 bedroom / 1 bath, bi-level residential unit above. The taxes are insanely low and the location couldn't be better, being on a wide 2 way street with plenty of parking.
The ground level commercial space is all electric and has a separate entrance from Eastwick Ave. on the side of the property. There is a non working central air conditioning unit connected to this space that has been sealed off. The space is heated with electric baseboard and an electric wall heating unit. There is a 30 Gal. water heater located in the powder room. Water is a single meter, but the electric has separate panels and meters. The last use of the lower unit was a variety store so the set-up has a small stockroom/ office, open area for customers and a caged area for cashier with a powder room. The caged area has official bullet resistant glass and ¼ inch steel plating around the counter walls. Refrigeration is available separately, in as is condition, at a low price, but will need to be serviced.
This property has had some work done but will need additional work to bring it up to par. The residence boasts a tile entry & kitchen and original red oak hardwood flooring through the rest of the house. The residence bath will need new flooring and some additional work. (use caution in the residence bathroom- open floor)
The residence has gas cooking, water heater and boiler (the boiler needs service or replacement).
This property needs work throughout, but a smaller, less versatile comp on the block sold for over $280k within the past year. Bring your contractor or toolbelt and lets make a deal.