DESCRIPTION

For sale: 58-34 & 58-36 catalpa avenue – mixed-use investment property with strong upside.  Both building together priced at $3,175,000.  An excellent opportunity to acquire two mixed-use buildings situated on a single lot in a desirable location.  Located at 5834 and 5836 catalpa avenue, this property features a total of four residential units and a commercial space currently operated as a funeral home.  Each building offers three stories plus a fully finished basement, maximizing usable space and income potential.  Property overview: lot includes two attached buildings each building has: three stories + full finished basement ground floor & basement: combined commercial use (funeral home – approx.  2,200 sq ft) second floor: two 3-bedroom, 1-bath apartments (one per building) third floor: two additional 3-bedroom, 1-bath apartments (one per building) basement: finished and utilized as part of the funeral home current income: commercial tenant (funeral home):$6,000/month lease expires january 2026 residential units:three units rented with a total of $5,550/month one unit currently vacant total current income: $11,550/month potential rental income: commercial space (funeral home): estimated market rent: $8,000/month four 3-bedroom apartments: estimated total market rent: $13,200/month (~$3,300/month per unit) total potential income: $21,200/month this property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover.  Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use.  Make it short fro realtors one fifth chatgpt said: sure! here's a condensed version of your property description—ideal for real estate flyers, mls, or quick email/text marketing: for sale: 58-34 & 58-36 catalpa avenue mixed-use investment | asking: $3,175,000 rare opportunity to own two attached mixed-use buildings on one lot in a prime location.  Property includes 4 residential units and a 2,200 sq ft commercial space (funeral home) with a finished basement.  Each building: 3 stories + finished basement residential units: four 3br/1ba apartments commercial tenant: $6,000/month (lease ends jan 2026) 3 units rented at $5,550/month | 1 unit vacant current income: $11,550/month potential income: up to $21,200/month this property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover.  Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use.  


Data is provided by OneKey MLS.