Description
Fantastic Investment Opportunity! Fully Rented Income-Producing Mixed-Use Building in a Prime Location! This impressive two-story, 4,800 square foot property on a spacious approximately 10,000 square foot lot is now available at 710-712 Kensington. The building is fully rented, generating consistent income from its diverse tenant mix. The second floor features two fully rented, beautifully maintained 3-bedroom apartments, offering a reliable stream of rental income. The first floor boasts two recently remodeled offices/retail spaces, providing an excellent opportunity for businesses to thrive in a bustling location. The first floor underwent a complete renovation and upgrade in 2019, including a brand new furnace and A/C system, ensuring optimum comfort for tenants and customers. Each commercial unit on the first floor offers approximately 1,200+ square feet of flexible space, with a combined area of 2,600 square feet. The units are individually metered for gas and electric utilities, providing convenience and ease of management. This property also features a full basement, perfect for storage or the potential for additional lower-level offices. Additionally, there is a dedicated private rear parking area that can accommodate approximately 6-8 cars and light trucks, offering convenience and accessibility for tenants and customers. Furthermore, there is ample free parking available on South Hickory Avenue, ensuring hassle-free visits to the property. Both the interior and exterior of the building have undergone extensive renovations, showcasing a modern and inviting aesthetic. The property benefits from its highly sought-after location on Kensington Road and Hickory Avenue, situated directly behind Mariano's grocery store. It is also adjacent to the new Arlington Market subdivision, a multi-family residential development, and upcoming residential condos on Hickory Ave, indicating a promising and rapidly developing neighborhood. Please note that tenant privacy is important. Therefore, all showings must be scheduled in advance through the listing broker. Don't miss out on this incredible investment opportunity! Act now to secure your future income potential. Broker owned. Easy access to NW Highway. Schedule a showing today and witness the impressive potential of this income-generating property!
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Description
Fantastic Investment Opportunity! Fully Rented Income-Producing Mixed-Use Building in a Prime Location! This impressive two-story, 4,800 square foot property on a spacious approximately 10,000 square foot lot is now available at 710-712 Kensington. The building is fully rented, generating consistent income from its diverse tenant mix. The second floor features two fully rented, beautifully maintained 3-bedroom apartments, offering a reliable stream of rental income. The first floor boasts two recently remodeled offices/retail spaces, providing an excellent opportunity for businesses to thrive in a bustling location. The first floor underwent a complete renovation and upgrade in 2019, including a brand new furnace and A/C system, ensuring optimum comfort for tenants and customers. Each commercial unit on the first floor offers approximately 1,200+ square feet of flexible space, with a combined area of 2,600 square feet. The units are individually metered for gas and electric utilities, providing convenience and ease of management. This property also features a full basement, perfect for storage or the potential for additional lower-level offices. Additionally, there is a dedicated private rear parking area that can accommodate approximately 6-8 cars and light trucks, offering convenience and accessibility for tenants and customers. Furthermore, there is ample free parking available on South Hickory Avenue, ensuring hassle-free visits to the property. Both the interior and exterior of the building have undergone extensive renovations, showcasing a modern and inviting aesthetic. The property benefits from its highly sought-after location on Kensington Road and Hickory Avenue, situated directly behind Mariano's grocery store. It is also adjacent to the new Arlington Market subdivision, a multi-family residential development, and upcoming residential condos on Hickory Ave, indicating a promising and rapidly developing neighborhood. Please note that tenant privacy is important. Therefore, all showings must be scheduled in advance through the listing broker. Don't miss out on this incredible investment opportunity! Act now to secure your future income potential. Broker owned. Easy access to NW Highway. Schedule a showing today and witness the impressive potential of this income-generating property!
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Based on information submitted to the MRED as of 2023-06-08T11:01:09.317 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
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