Warren
$914,000
1642 Atlantic Highway
mls: 1672228
Bathrooms: 0
Year Built: 2009
Sq Footage: 11,157
Lot Size: 2.57
Taxes: $4,518
Status: Active

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence.

Listed by: SVN The Masiello Group

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.

Listed by: SVN The Masiello Group

Accessibility Features
Appliances
Architectural Style
Basement
Slab
Bathrooms Total Integer
0
Body Type
Building Area Total
11157.00
Construction Materials
Wood Frame, Metal Clad, Vinyl Siding, Wood Siding
Cooling
Electric
Circuit Breakers
Exterior Features
Flooring
Foundation Details
Poured Concrete
Green Energy Efficient
Heating
Electric, Oil, Propane, Forced Air, Heat Pump
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Rural
Lot Size Acres
2.5700
Other Equipment
Other Structures
Barn(s)
Parking Features
21+ Spaces, On Site
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Private Sewer
Tax Annual Amount
4518.12
Utilities
Water Source
Public
Waterfront Features
Year Built
2009
Zoning
Rural