Appraised at $1,569,000! If you’re an investor seeking strong fundamentals, creative financing & massive upside potential, you’ve found it w/ this 10 unit mixed-use (6 Res/ 4 Comm) bldg in downtown Tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact LA for complete details about residential conversion opportunities, creative lending options & appraisal. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
Water Heater - Gas
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
Water Heater - Gas
Transaction Type
For sale
Zoning Description
UC (CBD)
Building
Cooling Type
Partially air conditioned
Exterior Finish
Aluminum/Vinyl, Brick
Flooring Type
Laminate, Mixed Flooring, Cushion/Lino/Vinyl
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air, Furnace
Stories Total
2
Type
Multi-Family
Rooms
Room
Level
Dimensions
Notes
3pc Bathroom
Second level
Measurements not available
Kitchen/Dining room
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Kitchen/Dining room
Second level
Measurements not available
Living room
Second level
Measurements not available
3pc Bathroom
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Living room
Second level
Measurements not available
Kitchen/Dining room
Second level
Measurements not available
3pc Bathroom
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Living room
Second level
Measurements not available
Kitchen/Dining room
Second level
Measurements not available
3pc Bathroom
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Bedroom
Second level
Measurements not available
3pc Bathroom
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Kitchen/Dining room
Second level
Measurements not available
Living room
Second level
Measurements not available
Parking Spaces
Name
Spaces
Other
20
Land
Total Size
73' X 191'
Size of Irregular Land
73' X 191'
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