over 8% Cap rate great investment 3 story Corner Mix-use with 2 Commercial Retail unit & 2 (4brm) vacant apartments. Apartments updated with hardwood floor throughout, and each apartment has 4brm,2 bath. 1st store Deli paying 3500@3% increase and lease expiring in2033 2nd store Pharmacy paying 3100 @3% increase and lease till 2029 Apartments no lease. can be delivered vacant. now paying 4000/mo. each Total gross rent is 175,200/year Expenses are 17,382/year Net Income 157,818/year
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Property ID: 110089484814