Money-Maker. Mixed used building with a restaurant on the ground floor. Current rent for of 2560$ with a 2.5% per year escalation. The business has 3 years left on a lease with a 5 years option (Tenant pays all utilities). The 2 nd floor apartment has 2 bedrooms + Den with 1 bath for $1100 no lease. Tenant willing to sign a longer lease. (Tenants pay own utilities. Gross income $43,800 per year. Cap rate of 8.5%
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|Price Reduced from $415,000 to $411,500|
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Listing information last updated on June 19th, 2019 at 12:52pm CDT.