9 Tunnel Street

Golden investment opportunity in this beautifully maintained and updated three-unit property near the heart of downtown! With one commercial unit, currently salon, and two residential units this presents grand opportunity. The commercial unit is accessed via a sprawling and attractive covered porch and offers an ideal floorplan for a salon with waiting area and workspace; architectural interest is found in a decorative stone fireplace with built-in shelving and a window seat featuring original stained glass. A half bath completes this unit. Also on the ground level is a one bed/one bath apartment with eat-in kitchen and spacious living room heated and cooled with multiple mini-split units. A two bed/one bath unit spans the second floor with two well sized bedrooms and open-concept living-dining room. Accessed via the upper unit, the attic is partially finished; with the addition of heat and finishing touches could make this unit a marvelous 5 bed! Mini-splits throughout, as well as many replacement windows and the 2011 new roof paired with the low-maintenance and attractive exterior just add to the allure of this property! Based on past rental income and current expenses the Cap Rate is 10.6%. The potential for owner-occupied property is also an attractive option for a business owner to build on the established and successful forty-year salon history, and/or live above the shop with extra rental income! Certificate of Occupancy in hand for all units.