Four Doors. Four Income Streams. One Very Manageable Property. Some investment properties come with a long list of things to manage. This one keeps it refreshingly simple.
Four Doors. Four Income Streams. One Very Manageable Property. Some investment properties come with a long list of things to manage. This one keeps it refreshingly simple. This stand alone mixed use building in Calais offers four separate rental units.....two commercial spaces on the first floor and two one bedroom apartments above. All four are currently rented, creating an established income producing property with a diversified mix of commercial and residential tenants. Built in 2001 and well maintained, the property is designed for functionality and ease of ownership. A large paved parking area provides plenty of space for tenants and customers, while the lack of lawn means there is little in the way of grounds maintenance. Upstairs, each apartment has a large private deck...an appealing amenity for residential tenants and a feature that adds to the property's overall appeal. The location works for both sides of the property. Situated in Calais near the international border crossing into Canada, it is just minutes from downtown shopping, dining, services and other amenities. There is no renovation project waiting here and no need to dream up a new use. It is already doing what an investment property should do: occupied, producing income and relatively easy to manage. Whether you're expanding an existing portfolio or looking for an approachable way into commercial real estate, this is an investment worth a closer look.