Property Description

This four-unit mixed-use commercial property is zoned C3 and ideally positioned on a high-traffic, high-visibility road in the heart of Belleville. Offering a versatile mix of residential and commercial space, the property consists of two residential units and two commercial units, providing multiple potential income streams .One of the commercial units is a fully leased, freestanding building on the west side of the property. The east side features an approximately 1,500 sq. ft. main-floor commercial unit with excellent street exposure and a history of long-term tenancy. This space is currently available for lease at $2,000 per month plus utilities, providing an opportunity for an owner-user or additional rental income. A major advantage of this property is the large rear parking lot, which can accommodate approximately 12-15 vehicles depending on configuration. With ample on-site parking increasingly difficult to find in central Belleville, this feature could be particularly attractive to a wide range of commercial tenants and businesses. With C3 zoning, excellent visibility, multiple income-producing units and substantial on-site parking, this mixed-use property offers an appealing opportunity for investors, business owners and commercial landlords looking to establish themselves in a central Belleville location. No environmental reports have been conducted. Rents and expenses are as follows: UNIT #1- $3,000 plus H&H Unit #2- Projected long term rent $2,000 Plus H & H Unit# res- 1 $1,100 Incl H Unit #4- Res $860.Approximate Taxes $9155.80 -Insurance $1600- Maintenance $2000,Hydro $2800- NOI of $63,788 per year. (id:7434)