$295,000

This well-maintained, income-producing apartment building in the Village of Westfield offers five occupied units, with the potential for a sixth apartment on the third floor. Conveniently located just minutes from shopping, restaurants, the hospital, and other local amenities, the property has undergone substantial improvements over the past six years, both inside and out. The building features five occupied apartments and common laundry facilities. The owners currently occupy the largest 2-bedroom unit, offering the next owner the option to occupy the apartment or generate additional rental income. The unfinished third floor offers a 3-bedroom apartment that is not currently in service or included in the existing rental income. Once completed, this space could bring the building to six units, further increasing its income potential. With established rental income, extensive improvements, and the flexibility for owner occupancy or additional rental income, this property offers an attractive investment opportunity. The property may also be purchased together with the adjoining four-unit investment property at 238 1/2 E. Main Street, consisting of an extensively remodeled three-unit apartment building and a detached 1-bedroom cottage renovated in 2026. See MLS #R1680077 for the combined listing of both properties, offering nine existing units with the potential for ten.