Description
Prime multi unit investment opportunity! Mixed use with 6 fully leased apartments on the second floor and two office/retail units 102 and 104 on the main level. Unit 102 is fully leased while 104 has 3,100 SF available; most recently occupied by a daycare/preschool. The second floor consists of six fully leased apartments with a separate entrance and parking. On site is a fenced in playground, 2 car garage, ample parking on both sides of the building, as well as a large green space that could be utilized for future development. Strong 7% cap rate with pro forma 11.88% cap upon leasing unit 104. Great opportunity- call for more info or to schedule a showing!
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0BEDS
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1.06ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime multi unit investment opportunity! Mixed use with 6 fully leased apartments on the second floor and two office/retail units 102 and 104 on the main level. Unit 102 is fully leased while 104 has 3,100 SF available; most recently occupied by a daycare/preschool. The second floor consists of six fully leased apartments with a separate entrance and parking. On site is a fenced in playground, 2 car garage, ample parking on both sides of the building, as well as a large green space that could be utilized for future development. Strong 7% cap rate with pro forma 11.88% cap upon leasing unit 104. Great opportunity- call for more info or to schedule a showing!
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