852 Mercer St Princeton, WV 24740

This exceptional mixed-use property, located at 852 Mercer Street in Princeton, West Virginia, presents a compelling investment opportunity. The 6,480 square foot building, constructed in 1940 and renovated five years ago, boasts seven units: six one-bedroom, one-bathroom apartments and a sizable 3,000 square foot commercial space currently leased to a salon. The property sits on a 0.07-acre lot and features two stories. Currently operating at 100% occupancy since September 9, 2024, the building generates a substantial net operating income (NOI) of $51,871, yielding an attractive 11.53% cap rate. The asking price is $450,000, translating to $69.44 per square foot. Tenant amenities include a coin-operated laundry facility. Owner benefits include an on-site office with a half-bath, a utility room, and a turnkey operation. The building's prime location ensures high visibility and strong rental demand. The current gross rents total $5,200 per month. The commercial space includes two offices, two half-baths, a kitchenette, and a laundry room. This stabilized investment offers significant potential for long-term appreciation and stable rental income, making it an ideal addition to any investment portfolio. Detailed financial information is available upon request.