1623-25 DROUILLARD - $499,000.00

ATTENTION INVESTORS AND BUSINESS OWNERS LOOKING FOR SPACE TO OPERATE. FULLY VACANT MIXED-USE BUILDING WITH STRONG CASH FLOW POTENTIAL AND AN ESTIMATED 7.1% CAP RATE AT MARKET RENTS. IDEAL FOR A BUSINESS OWNER TO OCCUPY THE APPX 800SF COMMERCIAL SPACE WHILE GENERATING RESIDENTIAL INCOME, OR FOR AN INVESTOR TO LEASE ALL UNITS AT MARKET RATES. PROPERTY FEATURES ONE COMMERCIAL UNIT AND TWO RESIDENTIAL UNITS, ALL VACANT, PROVIDING IMMEDIATE FLEXIBILITY. COMMERCIAL UNIT HAS JUST BEEN COMPLETELY RENOVATED WITH A MODERN DESIGN AND A BRAND-NEW BATHROOM, MAKING IT MOVE-IN READY. RESIDENTIAL UNITS FEATURE UPDATED KITCHENS AND BATHROOMS. UNIT MIX INCLUDES A VACANT COMMERCIAL SPACE, VACANT 2-BEDROOM APARTMENT, AND VACANT BACHELOR APARTMENT. TWO HYDRO METERS AND ONE GAS METER. REAR PARKING WITH FOUR SPACES. OWNED TANKLESS HOT WATER SYSTEM APPROXIMATELY FIVE YEARS OLD PLUS NEW FURNACE AND A/C. ESTIMATED MARKET RENTS: COMMERCIAL $1,900, 2-BEDROOM $1,350, BACHELOR $950. (id:4555)