Uncover an outstanding investment opportunity anchored by this expansive mixed-use building. The ground floor showcases a generous deli store, seamlessly paired with a sizable full basement, amplifying its versatility. Above, a spacious 4-bedroom apartment offers an additional income stream, further enhancing the property's value. Noteworthy is the autonomy given to tenants for their electricity and gas expenses, bolstering your profitability. With a commendable gross income of $73,500 and operational costs totaling $10,107, the property culminates in a robust net income of $63,393. Showcasing a cap rate surpassing 6%, the architectural footprint stands at 22' x 100' for the ground floor and 22' x 75' for the second floor.
2400864
Other, 2 Story
Richmond
1930
0.06
Acres
2
Public Sewer
3,432
Sq. Ft.
Interior Features
- Cooling
- None
- Heating
- Gas Heat, Electric Heating. Hot Water.
Exterior / Lot Features
- Parking
- 1 Parking Spaces. Private.
- Lot Dimensions
- 22x78
- Zoning
- R-3-2
Financial Considerations
175-1
$17,254
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