GREAT UPSIDE POTENTIAL, 2 RETAILS on the first floor 3,600 SqFt. total are vacant with LOI ready. The new owner can keep for his personal used or choose his own tenants. All apartments either have NO RENT INCREASE FOR 3 YEARS or just moved in paying market rent. ----- This is a mixed used, 36 Apartments, 4 retails in a high traffic corner with a bus stop. ----- The two retail spaces are renting month to month at a very low rent that hasn't been increased over 10 years. These also can be delivered vacant. One is a well known grocery, 4000+SqFt, another is an herbs shop, 1,800 Sq.Ft. There is a large free public parking spaces right behind the building with 10 hours limit. ----- All 36 apartments are well maintained, very clean (ask for more pictures) all current tenants are paying rent on time and at the time of application they all have over 700 FICO scores. They are very clean, low vacancy rate. ***** RENT CAP WILL BE 7% ***** IF all retail spaces are renting at the current market price, and all apartments have an updated rent.
|DAYS ON MARKET||2||LAST UPDATED||9/22/2022|
|YEAR BUILT||1926||COMMUNITY||WalnutPk, HuntPk, Bell N of Florence, and Cud|
|PROPERTY TYPE(S)||Residential Income|
|AREA||WalnutPk, HuntPk, Bell N of Florence, and Cud|
|VIEW DESCRIPTION||City Lights|
TOTAL MONTHLY PAYMENT
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