A unique opportunity to buy this 3-parcel property in the burgeoning downtown district! Total size of these three lots is approximately 15,000 square feet. Zoned DCC – 400-foot height limit. Uses include retail, office, hotel & multi-family (buyer to verify). Currently there are 3 houses which are under-rented, due to family & friend occupancy. If properties were to remain as multi-family, market rental income should realize a cap rate of nearly 6%. If all units are fully rented, the proposed gross income could be close to $112,000 per year. The potential options are many & varied. Step into these turn-of-the-century buildings, and you will see the craftsmanship and materials of a hundred years ago, combined with upgrades for the present.
