Description
4.0 cap rate. 20% cash-on-cash annual return @ 20% down. Low overhead, minimal maintenance. Approx $75K gross, $63K NOI. UNDER-RENTED by approx 20%. Rented @ $1.05/sq.ft./month or $12.5/yr. New leases marketing @ $14-$19/sq.ft./yr. Substantial parking. New roof. New fencing being installed around dumpster. New fencing on NW property line separating business from neighboring residential. 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
4.0 cap rate. 20% cash-on-cash annual return @ 20% down. Low overhead, minimal maintenance. Approx $75K gross, $63K NOI. UNDER-RENTED by approx 20%. Rented @ $1.05/sq.ft./month or $12.5/yr. New leases marketing @ $14-$19/sq.ft./yr. Substantial parking. New roof. New fencing being installed around dumpster. New fencing on NW property line separating business from neighboring residential. HVAC recently updated.
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Listing provided courtesy of Leading Edge R.E. Group-Mad..