14 CLINTON STREET S

INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:67197)

Price

$549,900

Property Type

Retail

Transaction Type

For sale

Parking

2

MLS® Number

X13721288

Interior Size

5000 sqft

Building Type

Residential Commercial Mix

Cooling

Partially air conditioned

Fireplace

No

Heating Fuel

Natural gas

Heating

Hot water radiator heat, Forced air, Radiant heat, Radiator

Interior Size

5000 sqft

Water

Municipal water

Size Total

5000 ac

Size Frontage

42 ft

Size Depth

132 ft

Acreage

Yes

Amenities Nearby

Highway

• Highway