BELA BELA, TOWNSHIP
This is a rare, versatile mixed-use opportunity perfect for an investor, developer, or owner-operator with a vision. The property features a commercial shop, a salon space, and seven rental units, all under one roof. Currently in need of Tender Loving Care (TLC), this building presents a "blank canvas" to create significant value through renovation and modern updates. The strong income-generating foundation is in place, awaiting the right buyer to maximize its potential.
This is a value-add investment. The building is structurally sound but requires comprehensive updates to meet modern standards and achieve maximum rental/commercial income.
Condition & TLC Requirements (The Opportunity)
This is a value-added investment. The building is structurally sound, but requires comprehensive updates to meet modern standards and achieve maximum rental/commercial income.
Cosmetic & Interior: All units and commercial spaces need full refurbishment. This includes:
· New flooring (LVP, tile, carpet)
· Complete interior painting
· Modern lighting fixtures
· Kitchenette and bathroom updates (vanities, fixtures, tiling)
· Possible layout optimizations for better space usage.
Systems (May Need Evaluation/Upgrade):
· Roof: Aged but serviceable; inspection recommended.
· HVAC: Individual unit systems may need servicing or replacement.
· Plumbing: Older galvanized or copper pipes; should be inspected.
· Electrical: May need panel upgrades and full rewiring to modern code.
Exterior: Could benefit from facade refresh, new signage, improved landscaping, and updated entryways.
Multiple Revenue Streams: Blend of commercial rental income (shop & salon) and residential cash flow (7 units).
· Forced Appreciation: Significant equity can be built through cost-effective renovations. Post-renovation, the property's value and rental rates can increase substantially.