Cap Rate is taking into account the apartment rental income as well as the main retail leased space. Long term leases are in place for all units. The retail space is currently leased to a dance and art studio sharing the space, previously a pub. Multiple potential uses. The whole building has been completely remodeled between 2022-2024. New electrical, lighting, water lines and updated bathrooms and flooring. The upstairs apartments were taken clear down to the studs and remodeled and are now fully leased. New electrical, waterlines, insulation, sheetrock, flooring, doors, trim, rear windows, and wall heaters. The building also features a new roof in 2022 and a facelift to the front exterior. This is your opportunity to take over a turnkey fully leased building or turn it into whatever your heart desires after the leases expire.