Description
Fantastic investment opportunity! Move your business or start a new business and have rental income offset your expenses! Endless options on uses for this space. Office, medical suite, retail, gym, yoga studio, boutique, escape room, salon, the opportunities are limitless! End unit suites can be combined or used separately. Currently set up for 4 suites, but originally designed as 5. Center suite under lease through 2023. Remaining 4 suite occupied by one tenant. Tenant 1 occupies unit 3 since 2004. Rent = $1475/month. Lease end date 11/30/2023. Tenant 2 occupies units 1,2 and 4 & 5 since 2021. Rent = $2,940/month. Lease end date 7/31/2023. Total 2022 annual operating income = $52,980 per month with $13,395.00 operating expenses including taxes, insurance, maintenance, water, trash removal, and exterior maintenance. 6.8% cap as currently rented. This property has greater market rent potential. Newer construction with lots of paved parking off street.
-
0BEDS
-
0.58ACRES
-
0BATHS
-
01/2 BATHS
Description
Fantastic investment opportunity! Move your business or start a new business and have rental income offset your expenses! Endless options on uses for this space. Office, medical suite, retail, gym, yoga studio, boutique, escape room, salon, the opportunities are limitless! End unit suites can be combined or used separately. Currently set up for 4 suites, but originally designed as 5. Center suite under lease through 2023. Remaining 4 suite occupied by one tenant. Tenant 1 occupies unit 3 since 2004. Rent = $1475/month. Lease end date 11/30/2023. Tenant 2 occupies units 1,2 and 4 & 5 since 2021. Rent = $2,940/month. Lease end date 7/31/2023. Total 2022 annual operating income = $52,980 per month with $13,395.00 operating expenses including taxes, insurance, maintenance, water, trash removal, and exterior maintenance. 6.8% cap as currently rented. This property has greater market rent potential. Newer construction with lots of paved parking off street.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Home Advisors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-06T23:50:49.447.