Mixed Use Building - Investment Opportunity
Acquisition Price
$10,800,000
10 Units - 8 Residential / 2 Commercial (new construction) - 14,742 sq ft.
Great Investment Opportunity to build an incredible real estate portfolio. This property consists of a total of 56 rooms sitting on a 3,300 sq ft. lot. Current residential rental income is $459,000/year. Current commercial rental income is $196,000/year. Property expenses total $58,000/year, with a Net operating Income of $560,000. Taxes are $2,600 w/ a 10 year tax abatement. Property was refinanced last year (2019) for approximately $7Mil @ 3%. Loan transferable at closing.
"Invest Wisely"
PROMISE LAND REALTY, LLC Work: 313-307-6616 sarter@promiselandrealtyllc.com www.promiselandrealtyllc.com All Off Market Properties are Sold As-Is. Buyer must do their due diligence. Sold on Warranty deed. We are selling our assignable interest. Proof Of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*