Great investment opportunity or 1031 Exchange! This Effingham Falls Landmark is a turnkey solution for anyone seeking a lucrative investment. Perfectly situated on a busy travel route with great visibility, you'll appreciate the convenience of being just minutes away from fantastic local amenities, including lakes, mountains, shopping, and dining. The lower level is home to a well-established retail shop, while the second and third floors boast a spacious 2-bedroom apartment and a large studio apartment, respectively. All units are currently occupied on a month-to-month basis, ensuring a steady stream of rental income. The property sits on a level corner lot, providing ample space for a variety of small retail ventures such as a general store, consignment shop, or antique store. With plenty of off-street parking available, your tenants and customers will always have a convenient place to park. This property has undergone recent upgrades (2019-2021), including a new septic system, roof, vinyl siding, several new windows, and parking lot improvements, making it a low-maintenance investment that you won't want to miss! As a mixed-use property, it requires either a CASH buyer, 1031 Exchange or COMMERCIAL/MIXED-USE loan. It will not go FHA, VA or Conventional.

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 28, 2024 4:23 AM EDT

 

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