Description
Excellent investment property with a high cap rate. Lender value certification at $500,000. Small commercial unit (hair salon) as well as three residential units. Main floor holds rented Beauty salon and residential unit; upper level has 2 residential units. Parking in front for commercial unit and parking lot in back for residential units. All units have month-to-month leases. For utilities, currently the landlord pays gas, trash, water, and periodic yard clean up; tenants pay own electric (separately metered), except unit #3, which is billed back to the tenant minus $85/month. Main floor residential unit has its own furnace; other units have electrical baseboard heat. Tenant occupied, so please allow 48-hour notice for showings. Pre-approval or POF required prior to showings.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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2,500SQFT
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$140$/SQFT
School Information
Description
Excellent investment property with a high cap rate. Lender value certification at $500,000. Small commercial unit (hair salon) as well as three residential units. Main floor holds rented Beauty salon and residential unit; upper level has 2 residential units. Parking in front for commercial unit and parking lot in back for residential units. All units have month-to-month leases. For utilities, currently the landlord pays gas, trash, water, and periodic yard clean up; tenants pay own electric (separately metered), except unit #3, which is billed back to the tenant minus $85/month. Main floor residential unit has its own furnace; other units have electrical baseboard heat. Tenant occupied, so please allow 48-hour notice for showings. Pre-approval or POF required prior to showings.
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