159 Washington Street, Auburn

$249,900

0 Beds
0 Baths
5,119 Sqft
.31 Acres
0 Garages

Exceptional investment opportunity! This well-maintained mixed-use property offers approximately 3,500 square feet of gross floor area and provides multiple income streams with significant upside potential.

The building features two spacious residential apartments, including one three-bedroom unit and one four-bedroom unit. Both apartments are fully equipped with appliances, all of which convey with the sale, making this a truly turnkey investment.

The commercial space is occupied by a fully equipped, state-of-the-art three-station hair salon, offering an attractive and modern business environment. All tenants are responsible for paying their own utilities, helping to minimize owner expenses and maximize cash flow.

The property currently generates an impressive annual net operating income (NOI) of $26,966. With rental rates adjusted to current market value, the projected annual NOI exceeds $42,000, presenting an outstanding value-add opportunity for investors seeking immediate income with substantial future growth potential.

Whether you’re expanding your investment portfolio or searching for a mixed-use property with strong cash flow and long-term appreciation potential, this property is one you won’t want to miss.

Essential Information
MLS® #S1701105
Price$249,900
Bathrooms0.00
Square Footage5,119
Square Footage13623
Acres0.31
Year Built1917
TypeCommercial Sale
StatusActive
Community Information
Address159 Washington Street
AreaAuburn
CityAuburn
CountyCayuga
StateNY
Zip Code13021
Amenities
UtilitiesSewer Connected
FeaturesRectangular, Rectangular Lot
Parking Spaces4
Interior
CoolingOther, See Remarks
# of Stories2
Stories2
Has BasementYes
BasementFull
Heating

Gas, Other, See Remarks, Baseboard, Forced Air

Exterior
Lot DescriptionRectangular, Rectangular Lot
RoofAsphalt
School Information
DistrictAuburn
Additional Information
ZoningR1
Listing Details
Listing Courtesy of Baier Real Estate LLC
Office #315-406-2717
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