This building is currently an auto parts store on the ground level, and is vacant on its upper two levels. The upper floors are large open spaces; the third floor formerly was used as a fraternal organization's meeting hall (until the 1950s).Current "annual" income from property: $14,000It would cost $30,000 to rehab the upper floors.
(20% of this cost would be eligible for a rehab tax credit if the building is an officially designated historic structure.)
"Annual" income if all floors were rented: $20,000