Remarks

Calling all investors! This turnkey/well-maintained 5 unit (2 commercial, 3 residential) mixed-use building (4,400 SF) sits in the heart of vibrant downtown Greenwood Lake. Walking distance to so many other businesses of all types, as well as the beach/lake, park, Appalachian Trail, commuter bus, and so much more. Commercial unit 1 is on first floor (street front) -- a beauty parlor approx. 900 SF w/ half bath. Commercial unit 2 is adjacent (also street front) -- a medical massage therapist approx. 700 SF w/ two rooms & half bath. Apartment 1 is on first floor -- entrance in rear of building -- approx. 750 SF w/ kitchen, living room, bedroom, full bath. Upstairs (entrance to stairwell on side of building) leads to the other two apartments -- both approx. 550 SF, each w/ kitchen, living room, bedroom, full bath. Off-road parking lot holds approximately a dozen vehicles. There's also a garage (currently for owner use). Fully leased (100% occupancy) -- three of the current leases are month to month, the other two expire next March and May 31, 2027 -- maximum rent roll could be significantly higher, based on recent comps. One furnace for all units, 3 electric meters (one for each commercial unit, one for all 3 apartments). Main roof resealed last year, lower roof 5 years ago (rubber/asphalt). A must see!

Details

MLS#: 887575
Price: $774,000

Style: Mixed Use
Sq Ft: 4400
Year Built: 1960

County: Orange County
Tax Fee: 9346.02