Description
FULLY LEASED! PRIME LOCATION! The property located right at downtown of Melrose Park with easy and free street parking. This two story building features 2 first-floor retail suites, 1 second floor retail suite, 2 second floor apartment units and rear 9-space surface parking lot. The first-floor suites have individual gas furnaces and ground mounted condensers for heating and cooling. The second-floor retail suite and apartment units are heated via a new central boiler and cooled via tenant supplied window AC units. The owners spent more than hundred thousands to improve and renovate this mixed-use property in 2020-2021. Work completed includes new windows at rear of residential units, new gutters and downspouts, new roof covering on flat portion of roof, tuckpointing and exterior painting, new vinyl siding by storefronts, electrical upgrades, installation of security cameras, new boiler and hot water tank, 2 new furnaces and one new condenser unit for first-floor retail tenants, added demising wall between first floor retail suites (was previously utilized by one tenant), and complete remodel of the La Clinic retail suite including adding a private bathroom. Also, the spacious basement is a plus and ready for your ideas. The hair salon on the 2nd floor is owned and operated by the owner that can generate more income. Low property tax! You have nothing to do but collect monthly rent. AS-IS Sale.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
FULLY LEASED! PRIME LOCATION! The property located right at downtown of Melrose Park with easy and free street parking. This two story building features 2 first-floor retail suites, 1 second floor retail suite, 2 second floor apartment units and rear 9-space surface parking lot. The first-floor suites have individual gas furnaces and ground mounted condensers for heating and cooling. The second-floor retail suite and apartment units are heated via a new central boiler and cooled via tenant supplied window AC units. The owners spent more than hundred thousands to improve and renovate this mixed-use property in 2020-2021. Work completed includes new windows at rear of residential units, new gutters and downspouts, new roof covering on flat portion of roof, tuckpointing and exterior painting, new vinyl siding by storefronts, electrical upgrades, installation of security cameras, new boiler and hot water tank, 2 new furnaces and one new condenser unit for first-floor retail tenants, added demising wall between first floor retail suites (was previously utilized by one tenant), and complete remodel of the La Clinic retail suite including adding a private bathroom. Also, the spacious basement is a plus and ready for your ideas. The hair salon on the 2nd floor is owned and operated by the owner that can generate more income. Low property tax! You have nothing to do but collect monthly rent. AS-IS Sale.
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