$539,000
INVESTMENT OPPORTUNITY IN THE HEART OF HISTORIC EUREKA! 11 N Spring Street offers a rare opportunity to own a truly unique multi-unit property with multiple potential income streams. The property includes the beautifully restored former Methodist Church, the historic Parsonage House, plus an adjoining vacant parcel with an existing historic structure.The Parsonage House is being rented at $2,500/month, while the converted Church residence offers additional rental potential, with the seller projecting approximately $2,500/month in potential rent. At those rental rates, the two residences could offer potential gross rental income of approximately $5,000/month or $60,000 annually. Buyer to independently verify rental rates, expenses, occupancy and income potential.The historic stone Church has been thoughtfully converted into a distinctive residence while retaining the craftsmanship and character that make this property unlike anything else in the area. The living quarters have previously operated as a successful nightly rental, and the large workshop at the front of the building provides additional usable space and flexibility.The charming Parsonage House has also been utilized as a successful short-term rental and offers a separate residence with its own kitchen, living space and laundry.Adding even more opportunity is the adjoining parcel, which includes an existing historic structure and provides options for additional parking, storage, future development or other uses subject to applicable approvals.Located just blocks from Main Street and across from the park, this property combines history, versatility and income potential in one exceptional package. Whether you're looking for a long-term rental investment, short-term rental opportunity, owner-occupied property with supplemental income, or a combination of uses, 11 N Spring Street offers multiple ways to make this remarkable piece of Eureka history work for you!
2
Beds
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2
Baths
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3628199
MLS
11 Spring, Eureka