Prime Mixed-Use Investment in Essex 1700-A Old Eastern Avenue presents a rare opportunity to own a versatile mixed-use property with exceptional income-producing potential. Zoned for light industrial use, this unique parcel features three separate residential buildings alongside a freestanding retail space, creating multiple revenue streams in one convenient location. The… Read More property includes: Two single-family homes, each thoughtfully divided into two separate units. A freestanding retail building, currently operating as a liquor store, is positioned at the front of the lot for maximum visibility. A third home at the rear, configured as a hostel with 12 rooms and 2 full baths - 6 rooms currently occupied. With ample open parking to accommodate residents, guests, and customers, this property is well-suited for long-term investment and continued growth. Whether you're looking to expand your portfolio or secure a high-performing asset, this property offers endless possibilities and consistent income potential. Read Less
Courtesy of Martha Liriano, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
8
Last Updated
Property Type
Mixed Use
Square Ft.
9,668
Lot Size
0.64 Acres
Year Built
1991
MLS Number
MDBC2139430
30 Days Snapshot Of 21221
$351k
+19%
(avg) sold price
44
+33%
homes sold
38
+11%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
9,668 net sqft, 9,668 total building sqft, Built in 1991, 3 units in building, Brick
Lot
27,943 sqft, Lot Size Dimensions: 1.00 x, 0.64 acres
Sewer
Public Sewer
Taxes
County Tax: $7,089, County Tax Pymnt Freq: Annually, Tax Annual Amount: $7,089, Tax Year: 2024
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