JUST LISTED! 10% CAP RATE! A 6-Unit Mixed-Use Commercial Building located steps away from Brass Pro Shop and near the new amphitheater and Steel Point. There are Four 3-Bedroom Residential Apartments and 2 Retail Storefront commercial units. (1 in use, 1 used as storage currently) All residential tenants want to remain and are month-to-month. One tenant is also the superintendent of the building. The retail store has 3 years left on their lease. TOTAL CURRENT GROSS INCOME: $69,600. TOTAL POTENTIAL GROSS INCOME: $79,200 (Potential for a 12% CAP RATE) w/the leasing of the unoccupied retail store for $800 per month. (The space was previously used for storage but is no longer. It is approximately 1,000 SF). Each apartment is $1,000 per month. The retail store income is $1,800 per month. The deli/grocery w/kitchen is leased (and not for sale). It is an active business with customers going in and out to buy groceries, pick up prepared hot food and sandwiches, lottery, etc. (see photos) There is a common restroom for the 2 stores to have use of. Photos show 2 of the 4 residential units and the active retail deli/grocery, as well as, the common area and basement. The Interior is in fair to good condition depending on the unit. The apartments are spacious with large rooms with some featuring hardwood floors, tile or carpeting. Total retail is 2,684SF per town records.Separate utilities. On street parking but also a couple of parking spaces are off street in rear of building.
Listing courtesy of SMART_MLS / Keller Williams Prestige Prop.
Last updated May 8, 2021
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MLS# 170382451 —
Amenities & Taxes
Year Built Source:
Units on different Floors, Units are Side-by-Side
Multi-Family For Sale
Property Sub Type:
No listing contact info available
July 2020-June 2021
Heating & Cooling
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Public Sewer Connected
Public Water Connected
Per Board of Ed
Per Board Of Ed
Off Street Parking
Harding High School
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