1664 Park Road NW

Description

Offer Deadline is Sunday, August 3rd at 3:00pm. ......Exceptional 3-unit semi-detached property offering versatile investment potential in the heart of Mount Pleasant. This well-positioned building features two residential units plus one commercial space, presenting multiple revenue streams and value-add opportunities. The upper residential unit offers 3BR/2BA in a duplex-style layout spanning two levels, while the lower residential unit is currently configured as 1BR with expansion potential to 3BR/2BA upon basement finishing. The commercial space is occupied by a month-to-month tenant providing immediate rental income. The unfinished basement presents a significant value-add opportunity, ready for customization to maximize the lower unit's potential and overall property income. The property's current condition and competitive pricing create substantial room for value enhancement through strategic improvements, making it ideal for investors seeking a turnkey opportunity with existing commercial income and residential upside potential, or owner-occupants looking to offset mortgage costs by residing in one unit while generating rental income from the others. Value-add specialists can capitalize on the basement finishing opportunity and vacant residential units to significantly increase returns. Situated in the desirable Mount Pleasant neighborhood, the property benefits from strong rental demand, excellent walkability, and proximity to urban amenities while maintaining a residential character. Currently delivered with two vacant residential units ready for immediate occupancy or renovation, plus stable commercial tenant providing cash flow during any improvement period. Seller is selling property in as-is condition.