159 Washington Street

Description

Exceptional investment opportunity! This well-maintained mixed-use property offers approximately 3,500 square feet of gross floor area and provides multiple income streams with significant upside potential. The building features two spacious residential apartments, including one three-bedroom unit and one four-bedroom unit. Both apartments are fully equipped with appliances, all of which convey with the sale, making this a truly turnkey investment. The commercial space is occupied by a fully equipped, state-of-the-art three-station hair salon, offering an attractive and modern business environment. All tenants are responsible for paying their own utilities, helping to minimize owner expenses and maximize cash flow. The property currently generates an impressive annual net operating income (NOI) of $26,966. With rental rates adjusted to current market value, the projected annual NOI exceeds $42,000, presenting an outstanding value-add opportunity for investors seeking immediate income with substantial future growth potential. Whether you’re expanding your investment portfolio or searching for a mixed-use property with strong cash flow and long-term appreciation potential, this property is one you won’t want to miss.