Property Description

175 Princeton Street is a three-story building containing three (3) units with two (2) 4-Bedroom/2-Bathroom units and one (1) 4-Bedroom/1.5-Bathroom unit with 4,128 square feet of gross living area in 5,268 square feet of gross area situated upon a 0.08-acre parcel. All units’ individual condo’s, feature condo quality finishes, improved by granite countertops, updated cabinetry, stainless steel appliances, dishwashers with plumbing and electrical upgrades throughout. Tenants are responsible for ALL utilities at the Property, including gas powered heat & hot water, separately metered electricity, and city water & sewer. Unit 3 features in-unit laundry, while Unit 1 & 2 have laundry in the basement. Additionally, there is a recently finished bonus room in the basement which can add to the square footage of Unit 1. Property is currently assessed at $1,763,700 as Three Condos. Opportunity exists to increase income by converting back into a 3-Unit property and potentially reducing taxes.