98 Canal Street

Description

Great opportunity for a mixed use (apartments/retail) investment property in the charming city of Blackstone Mass.Just over the Rhode Island line requires a little TLC. Seller is motivated. Lets Talk.Property consists of a mostly masonry building situated on approximately 9,230 SF of land. Building consists of 12,702 SF with a 1 stall garage on an ell to the rear of the building.This property is mixed use consisting of 7 residential apartments with 3 first floor retail units.Property has updated heating systems 8 separate furnaces, 7 natural gas, 1 oil.Tenants are all Tenants At Will. Rents are, at owner' s admission, below market.Zoning is Class C Commercial. Property is serviced by both public water and sewers.Residential units consist of mostly 1 and 2 bedroom. One unit is large by area standards with 3 bedrooms, 2 baths, 1 stall garage and currently used for storage.Property offers significant growth opportunities for new owner. Further sub-division may be considered to produce additional income; current rents may be increased to market rates.Area consists of a mixed type of property. Most of the nearby buildings are residential, multi family. Property is located few minutes from both Route 122 and Route 146.