Features & Amenities

Interior

  • Total Bedrooms

    9

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.38

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,355,000

  • Tax Amount

    24644.35

  • Sq. Footage

    21, 626

  • Price/SqFt

    $108

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    5

  • Water Source

    Public

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Location

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Lake

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Listing Courtesy of Wesley Owen , SIM REI

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Under contract-accepting backup offers. Prime Mixed-Use Investment Property – Fully Renovated & Income Producing

This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place.

Key Features & Upgrades:
Completely re-wired and re-plumbed in 2017–2018. 
All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St).
Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal.
Fully sprinkled with fire and smoke alarm monitoring.
Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers.

Tenant Mix & Income Highlights:
10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success.
9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces.
Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income.
Water/Sewer bill back on some commercial and residential tenants. 

Investment Advantages:
Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention.
Mixed-use diversity ensures income stability across both residential and commercial markets.
Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates.
This property benefits from high visibility, steady traffic, and excellent accessibility.

127 N GROVE STREET

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