Two solid commercial/apartment buildings located in one of the city’s best walkable neighborhoods which is home to some of the city’s most popular shops, bars & restaurants.
The front building consists of a well established fast food, sit down restaurant along with two - 4 bedroom apartments and a 2 bedroom apartment.
The rear building has two - 2 bedroom apartments along with a possible 3rd floor studio apartment/office that could be created with a fire escape installation in order to create a 7th income producing unit.
Building Highlights:
Never a vacancy in the 12 years of ownership
Four years +/- remaining on restaurant lease, with 5 yr option. Very consistent sales
Tenants pay gas & electric except for two apartments where owner pays electric
Roofs are 5-7 yrs old
Newer tankless hot water systems
Circuit breakers
Low maintenance vinyl siding
Public parking near by
Security systems
Washer/dryers in basement
Porches & balcony in rear building overlooking courtyard
Rents under market with great upside potential!