Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 3 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio. (id:47423)
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Detailed Information
Lot
60.75 x 172.17 ft
Listing Contract Date
2024-10-05
Location Description
Front Street And Campbell St
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
MX1
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Size (Exterior)
12722 square feet
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
Bldg=60.75 x 172.24 FT
Size of Irregular Land
Bldg=60.75 x 172.24 FT
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