$500,000

3-Unit Mixed-Use Multifamily with Significant Value-Add Potential Exceptional investment opportunity featuring a mixed-use property with multiple income streams, redevelopment potential, and an included subdivided residential building lot. Property Highlights Unit 1 - Commercial Space (Approx. 1,850 SF) Located on the first floor at the prominent Rosette Street and Dewitt Street intersection, this former house of worship offers flexible use potential. The space may be suitable for continued commercial use as a community center, office, studio, or other permitted use. Given the property's residential zoning, there may also be an opportunity to convert the space into residential units, subject to municipal approvals. Unit 2 - Residential Apartment Updated 4-bedroom, 1-bath apartment encompassing approximately 1,400 square feet across the second and third floors. Currently rented for $2,700 per month. Unit 3 - Rear Residential Unit Updated standalone 2-bedroom, 1-bath dwelling containing approximately 896 square feet. Previously rented for $1,900 per month. Additional Features **Rare oversized triple corner lot offering exceptional flexibility and future development potential. **Completely fenced property providing privacy, security, and controlled access. **Two separate driveway entrances, allowing convenient access from multiple streets and accommodating additional parking or future site improvements. **3-car garage with potential for additional rental income, storage, or workshop use. **Subdivided residential lot included in the sale, creating an additional development opportunity. **Potential opportunity to construct a duplex or other residential development, subject to zoning and municipal approvals. **Value-Add Opportunities This property offers multiple strategies to increase value and cash flow, including: **Maintaining the current mixed-use configuration. **Converting the first-floor commercial space into a large residential unit. **Reconfiguring the commercial space into two additional apartments, subject to approvals. **Generating additional income from garage rentals and parking. **Developing the included subdivided residential lot. Currently configured as a mixed-use commercial and residential property, this asset is located within a residential zone, creating a unique opportunity for investors seeking both immediate cash flow and long-term upside. Current Residential Income: $2,700/month Additional income opportunities exist through the commercial space, garage rentals, parking, and future development of the included lot. This is a rare opportunity to acquire a cash-flowing asset on an oversized triple-corner lot with multiple access points, development potential, and significant upside through redevelopment, expansion, and repositioning.