Opportunity knocks! This seven-unit, income-producing mixed-use building comes with a single-family home next door and approved plans for seven additional units. Built in 2017, the existing building features two retail storefronts, an elevator, and separately rented basement storage for added income. The second floor offers three two-bedroom, two-bath apartments, and the third floor offers two three-bedroom, two-bath apartments. Tenants pay their own utilities, and the building provides 12 parking spaces, with two per apartment and one per storefront. Included in the list price, the neighboring home at 13-13 River Rd has approved plans for a new mixed-use building with two retail storefronts and five apartments, each with three bedrooms and two full baths. With rental income today and room to grow in a desirable neighborhood, this is an excellent opportunity for builders, investors, and buyers seeking a potential 1031 exchange property.
