Description
Welcome to 6355 Germantown Ave, an incredible value-add opportunity located in the heart of a rapidly developing block of Germantown Avenue. This property features a ground floor commercial space and two 1-bedroom residential units, all with separate electric meters. With lots of development projects happening around the property, now is the perfect time to invest in this up-and-coming area and unlock the property's full potential.
The commercial unit boasts drop ceilings, basement/storage access, and a powder room, while the residential units offer cozy and comfortable living spaces. The tenants have been in place for an impressive 30 years, but with the property's layout remaining the same since it was first built, there is plenty of room for improvements that will increase the property's rental income potential.
With two heating systems, including electric forced heating and gas radiator, this property is set up to provide comfortable living spaces in all seasons. The residential units feature electric cooking, and with rents that have never been raised, there is significant upside potential for the savvy investor. This is a fantastic opportunity to invest in a property with strong value-add potential in a rapidly developing area with plenty of room for growth. Don't miss out on this incredible opportunity to unlock the full potential of this investment property!
