124 Park Road

About Property

This Mixed-Use Property has a first-floor apartment that is approved for either residential or commercial use, with permitted exterior signage. Recently, a residential tenant lived in the rear portion of the first-floor unit, and the front space was occupied by the current owner as office space. The 2nd and 3rd floor units are traditional two bedroom/one bath apartments. This property is well maintained, and is immediately rentable. The First floor was previously and could be again used as a salon, office space, or retail, and the property is ideal for business owners who would like to have a permitted office where they live. The two apartments located on the 2nd and 3rd floor have been rented for many years by the owner who preferred stable tenants that meshed well with the business use on the first floor. It is likely that all of the apartments could be rented for higher rents than the tenants are currently paying. Utilities: The first-floor apartment is heated and cooled by hot air furnace gas and central air conditioning, electric hot water heater. The second and third floor apartments are each heated by a dedicated gas boiler and dedicated gas hot water, cooled with window unit air conditioners. The property has four electric meters, one common area meter and a meter for each of the three apartments. Laundry: There are two combination Washer / Dryers in this home. One set is hooked up, one is not. Both are new and included in the sale.
Listed by Vision Real Estate, Byron Dorchester. Data sourced from SmartMLS