Description
With new tenant entering (unit B vacated Dec 2021), projected cap at 5.0 with 25% cash-on-cash return based on 20% down. Low overhead, minimal maintenance. $63K+ annual gross rev., approx. $53K NOI. Unit A renting for $4,000/month, 4500 sq.ft. approx., with an escalating 3 year agreement. UNIT A-approx 1520 square feet currently renting for $1,250. Substantial parking. New roof. HVAC recently updated.
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0BEDS
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0.86ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
With new tenant entering (unit B vacated Dec 2021), projected cap at 5.0 with 25% cash-on-cash return based on 20% down. Low overhead, minimal maintenance. $63K+ annual gross rev., approx. $53K NOI. Unit A renting for $4,000/month, 4500 sq.ft. approx., with an escalating 3 year agreement. UNIT A-approx 1520 square feet currently renting for $1,250. Substantial parking. New roof. HVAC recently updated.
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Listing provided by Leading Edge R.E. Group-Mad.: (256) 489-2602.