Sale Price $299,000
2325 SQ FT · $2207 2016 Taxes
Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts. Good for either owner-occupant or investor. Total Annual Income: $35,100, NOI $27,800, Returns 15% of Investment annually at CAP 7.86%. Property offers: one one-bedroom and one studio apartment, both with hardwood floors, good kitchen and bath, electric heat; and one 1,200 SF commercial space actively used as a pizza shop. Separate meters. Essentially, the present residential income covers a 75%-80% LTV mortgage, so the commercial component can be managed as the moneymaker. Sale of real estate only, no fixtures. Existing commercial tenant has six months remaining on a ten year lease and is open to a negotiable exit. Manifest your dream. Call for additional details or an appointment.