Description
Invest in this FIVE story building in downtown Princeton with SIXTEEN 1-bedroom apartments plus 2700 sq ft of commercial space. First and second floors have been renovated are rented, the third floor is 75% complete. The property is generating great income with potential to have 12 more tenants when completed. Retail space has 2 offices and 2 baths, HVAC, and leased to established business as long term tenant. Building has new roof, new plumbing, new 1200 amp electrical, new windows and fire escape. Investors will appreciate the potential for stable rental income and potential added value. Expand your portfolio in Princeton with 847 Mercer Street Don't miss this rare opportunity. Call today!
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16BEDS
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N/AACRES
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16BATHS
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21/2 BATHS
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16,200SQFT
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$31$/SQFT
School Ratings & Info
Description
Invest in this FIVE story building in downtown Princeton with SIXTEEN 1-bedroom apartments plus 2700 sq ft of commercial space. First and second floors have been renovated are rented, the third floor is 75% complete. The property is generating great income with potential to have 12 more tenants when completed. Retail space has 2 offices and 2 baths, HVAC, and leased to established business as long term tenant. Building has new roof, new plumbing, new 1200 amp electrical, new windows and fire escape. Investors will appreciate the potential for stable rental income and potential added value. Expand your portfolio in Princeton with 847 Mercer Street Don't miss this rare opportunity. Call today!
© 2024 Mercer-Tazewell County Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christy Wood Team | Solutions Real Estate. Data last updated: 2024-10-08T09:56:10.167.