1508 Tamarac Street

100% Occupied Current Cap rate 6.3% - ZONING ALLOWS for Business/Commercial and Residential - This is a Prime location with high traffic, ideal for office or retail business. Uses include but are not limited to: Arts, recreation, entertainment, Eating or Drinking establishment, Office, Retail Sales, Service & Repair, Light automotive Vehicle / Equipment Sales, Rentals, Service & Repair, and Home Occupations (Live/work) With two units on one lot, there are several business opportunities
*With Two Units - If you purchase you can have front as your main businesses and use back for are apartment rental or rent to a small retail business. Property is currently leased and tenant can stay or available when lease ends.
Front unit: has 2 private room/offices, large waiting area or store front, kitchen and breakroom, conference room/or additional space in lower level. Back: Open room and 1 private room, 1 full bath with break room
*Units are separately metered for gas and electric. Both units do share one water tap
RESIDENTIAL:
Residential Two houses on one lot. Excellent investment property or a use as single family home with charming Accessory Dwelling Unit (ADU). ADU is on separate gas and electric meters great income. Two completely separate units each has own privacy, with fence and separate parking. The main house is in great condition, move in ready and can live in or rent out. 2016 sq feet in the main house + finished attic (not included in sq ft) which is very rare to find a home with this size in the area with an ADU. Some updating included paint, carpet, flooring. With 3 bedrooms, 2 Full bathrooms, a finished attic/loft area. There currently is a hideaway staircase to the loft but potential for a metal spiral staircase for more convenience. There is finished basement in the main house. The ADU is about 400 square feet and is 1 bedroom, 1 bathroom with efficiency kitchen and quaint living/dining room.