815 George St, Hearst MLS#TM221792

$250,000

Description

AMAZING INVESTMENT OPPORTUNITY! LOCATED ON THE BUSIEST COMMERCIAL STREET OF TOWN THIS COMMERCIAL PROPERTY OFFERS ANAMAZING OPPORTUNITY TO INVEST AS AN INVESTOR OR AN OPPORTUNITY TO START INVESTING WHILE LIVING IN A BEAUTIFUL FULLY RENOVATED APARTMENT!THE CURRENT ANNUAL GROSS INCOME IS $18,900 AND THE POTENTIAL ANNUAL GROSS INCOME IS $36,900. THE BUILDING CONSISTS OF 1 RESIDENTIAL UNIT ONTHE SECOND LEVEL, CURRENTLY OCCUPIED BY THE OWNER CONSISTING OF 3 BEDROOMS, 1 BATHROOM AND WASHER AND DRYER HOOKUPS. THIS APARTMENTHAS BEEN FULLY RENOVATED THROUGHOUT THE PAST 7 YEARS TO A MODERN LOOK. THIS UNIT HAS A POTENTIAL RENTAL INCOME OF $1500 A MONTH, ALL-INCLUSIVE. ON THE FIRST FLOOR IS LOCATED A COMMERCIAL RENTAL UNIT CURRENTLY OCCUPIED BY THREE SEPARATE TENANTS, THIS UNIT BRINGS IN $1575 OFRENT MONTHLY, ALL-INCLUSIVE. THE ROOF MADE OUT OF MEMBRANE WAS FULLY UPDATED IN 2017 AND THE INSULATION OF THE ROOF WAS ALSO UPDATED ATTHIS TIME. A NEW MEMBRANE WAS INSTALLED ON THE EAST SIDE OF THE PROPERTY TO PREVENT ANY WATER INFILTRATION. IN 2021 2 ELECTRICAL PANELSWERE UPDATED, AND ALL THREE ELECTRICAL PANELS ARE BREAKER PANELS. THE BOILER SYSTEM WAS FULLY UPDATED IN 2018. THIS IS AN INCREDIBLEOPPORTUNITY YOU WON’T WANT TO MISS!

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