With actual gross annual income exceeding $137,000, this well-maintained property represents a true turnkey business opportunity. Ideal for an investor or owner-operator, it offers immediate revenue with stable & Full Occupancy in a high-traffic location.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Situated on a double lot of over 13,000 square feet, the property includes 20 exterior parking spaces and a generous green area. The building has been consistently maintained and benefits from multiple updates completed in recent years.
Currently configured with 10 tenants, the property also features shared amenities including a conference room and a kitchenette , enhancing its appeal and functionality for occupants & Full Occupancy.
Strategically located near public transportation, REM, major highways, and a variety of restaurants, this asset combines strong current income with long-term potential for future growth.
Building details and property interior
Dimensions
42' X 32' 1"
Year constructed
1958
Lot and exterior features
Lot size
125' X 110'
Lot area
1,277.10 m²
Driveway
Asphalt
Parking (total)
Driveway (18)
Proximity
Highway, Commuter train, Public transportation
Characteristics
Heating Energy
Electricity
Property or unit amenity
Central heat pump, Central air conditioning, Wall-mounted air conditioning, Signs allowed, Alarm system
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
Lot assessment
$ 506,000
Building assessment
$ 234,000
Total
$ 740,000
Taxes
Municipal
(2025)
$ 14,371
School
(2025)
$ 2,000
Total
$ 16,371
Annual expenses
Insurance
$ 2,637
Snow removal
$ 2,662
Maintenance
$ 6,808
Lawn
$ 1,150
Security
$ 3,000
Total
$ 16,257
Energy expenses
Electricity
$ 7,521
Total
$ 7,521
Inclusions and exclusions
Inclusions
- Conference room furniture and white board, 4 compressors and 7 Split/Wall mount systems, Security Cameras, Mini-Refrigerator, Microwave, 2 water fountains hooked to water supply, hot water tank.