Great opportunity for an investor offering close to 15 percent CAP rate and upside potential with lease renewals and annual rent increases. Current pro forma projection is $88k in annual gross income, and long term tenants will stay with new owner. Fully leased office building with 3 long-term medical tenants on the first floor and 2 residential tenants upstairs. Dentist with 3 operatories, a chiropractor and a family medical practice occupy the entire 1st floor. 1 one-bedroom apartment and 1 two-bedroom apartment upstairs with separate utilities. Ideally located in the heart of the main downtown business and shopping district. Parking for 4 cars in the rear and plenty of free street parking in front. Long term tenants will stay with new owner. Upside in rental income with lease renewals and annual increases.
Listing courtesy of Scott Realty Group.
© 2017 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.