Updated: Aug 23, 2020
Mixed Use Commercial Investment Property
Storefront Unit/Residential Unit - 2 beds/1 bath
Great investment opportunity for any investor looking to build a powerful portfolio. Currently the storefront rental income is $1,600 and the owner occupies the residential unit. Upon 100% occupancy, the gross potential rental income is $3,300/ month or $39,600/year annual rental income. Entire building is 4 levels including the basement floor. Built in 1904. Property is zoned Mixed Use and is two (2) units, (1) Storefront/Business (2) Apartment/Residency. 2 Electric Meters. 2 Gas Meters. Tenants are responsible for utilities (Gas, Water, and Electricity). Storefront is currently rented @ $1,600/month. The 2-story apartment unit will rent quickly for $1,700/month. Yearly taxes are approx. $9,400/year.
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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*