Description

This 12-unit commercial/retail property is a turnkey investment with strong cash flow and a 10% cap rate. The property is fully leased with tenants on month-to-month leases, providing flexibility for rent adjustments or lease restructuring. Carefully maintained, the building has no significant deferred maintenance and features recent upgrades, including LED lighting, a new surveillance system, and a freshly restriped parking lot. These improvements enhance security, energy efficiency, and curb appeal, making it an attractive asset for both tenants and investors. With detailed financial records available, this property offers a stable and profitable investment with a strong rental history. High tenant occupancy ensures steady cash flow, making it a reliable income-generating asset.

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Property information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1982

Living area

7,739 Sq Ft

Lot size

0.44 acres

Annual taxes (2015)

$6,789

Price / Sq Ft

$71

Days on market

39

Parcel number

504812