159 Washington Street, Auburn, NY 13021

New - 37 Hours Ago
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Property Description

Exceptional investment opportunity! This well-maintained mixed-use property offers approximately 3,500 square feet of gross floor area and provides multiple income streams with significant upside potential. The building features two spacious residential apartments, including one three-bedroom unit and one four-bedroom unit. Both apartments are fully equipped with appliances, all of which convey with the sale, making this a truly turnkey investment. The commercial space is occupied by a fully equipped, state-of-the-art three-station hair salon, offering an attractive and modern business environment. All tenants are responsible for paying their own utilities, helping to minimize owner expenses and maximize cash flow. The property currently generates an impressive annual net operating income (NOI) of $26,966. With rental rates adjusted to current market value, the projected annual NOI exceeds $42,000, presenting an outstanding value-add opportunity for investors seeking immediate income with substantial future growth potential. Whether you're expanding your investment portfolio or searching for a mixed-use property with strong cash flow and long-term appreciation potential, this property is one you won't want to miss.

159 Washington Street | MLS# S1701105

This commercial property located at 159 Washington Street, Auburn, NY 13021 is currently listed for sale with an asking price of $249,900. Washington Street is located within the Auburn school district. Search Auburn real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full
Cooling: Other, See Remarks
Heating: Gas, Other, See Remarks, Baseboard, Forced Air
Lot Size: 0.31 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $9,235
Year Built: 1917

Feature Descriptions

Days on Site: 1
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 151X90
Parcel#: 050100-115-027-0001-005-001-0000
Sewer: Public Sewer
Utilities: Sewer Connected

Local Schools

School District: Auburn

Demographics

Listed By / Shown By

Listing By

Agency Name: Baier Real Estate LLC
Agency Phone: 315-406-2717

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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