Great investment property! Building features a two-bedroom second floor apartment and one large commercial space - both fully rented. Property is well maintained and has potential for long term growth. Unit 1 is sale-leaseback. Rents: Unit 1 - $3,250/mo.; Unit 2 - $1,275/mo. SQFT: Unit 1 - 1,500; Unit 2 - 750. Opportunity to increase rents to market rate. Cap rate 6.08%. Gross Annual Income: $54,300, Operating Expenses: $23,646, Net Operating Income: $30,654
3782432
Mixed Use, Other
Essex
1902
0.2
Acres
Public
2
Vinyl Siding
Public Sewer
2,800
Sq. Ft.
2 Total
Interior Features
- Heating
- Gas Heat. .
- Basement
- Unfinished
- Security
- Smoke Detector(s)
Exterior / Lot Features
- Parking
- Off Street.
- Exterior
- Vinyl
- Roof
- Asphalt
- Zoning
- B-2
- Additional Exterior/Lot Features
- Irregular Lot.
Community Features
- Security Features
- Smoke Detector(s)
- Complex Features
- Smoke Detector(s)
Financial Considerations
Fee Simple
1602-00811-0000-00058-0000-
$12,531
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