101 N Lowell Street # 107 N Lowell St

Investment Opportunity! The Pickard Place; a historic gem was the former Coachlight Motel and now is a 15 unit apartment building. Also included is an adjacent mixed use building offering a commercial space with a 2 bedroom apartment plus a detached garage located in the revitalized downtown district. Three story brick apartment building consists of a mix of ten efficiency units, one 1 bedroom unit, two 2 bedroom units & one 3 bedroom unit with 2 baths and kitchen appliances. Full basement features a laundry room with 2 washers/2 dryers, tenant storage closets and several storage rooms. New central hot water boiler system and separate electrical meters with new 800 amp service. Rental history with steady income. Property manager currently in place or self manage. The adjacent 2 story mixed use building (#107) has separate entrances to both levels. Main level offers an open commercial space of 1200 sq ft, concrete floors and wall mounted heater. This blank slate provides several possibilities for an additional income source. The upper level houses a furnished 2 bedroom, 1 updated bath apartment. You will find lots of original features in this building with the tall ceilings, rounded archways, crown molding, hardwood floors, large rooms and many closets. Newer vinyl windows, water filtration system, natural gas heat and metal roof. A 3 car detached garage built in 1981 sits at the back of the large gravel parking lot. This property offers 1.44 acres which runs parallel to the snowmobile and utv trails as well as the Iron Belle Trail. Schedule a time to take a look and get in on this opportunity.