Calling All Investors & Developers!!! 100% Occupied 5 Unit Mixed-Use Corner Property For Sale!!! Located On The Corner Of Union Ave. & N. Clinton Blvd. This Property Offers 190' Of Frontage On Union Blvd.!!! The Property Is Comprised Of A 2,000 Sqft. Corner House, 2 Retail Stores, A 2 Car Garage & An Additional 3 Br House. The Property Features Excellent Location At A Signalized Intersection, Great Exposure, +++!!!
Corner House: $42,000 Ann. (M-M)
Salon: $21,600 Ann. (Lease Exp. 6/1/2024; $100 Per Month Ann. Increase)
2 Car Garage: $7,200 (M-M)
3 Br House: $30,000 Ann. (M-M)
Beauty Store: $18,000 Ann. (Lease Exp. 6/1/2024; $100 Per Month Ann. Increase)
Gross Income: $118,800
Expenses:
Gas: $0
Electric: $0
Maintenance & Repairs: $400
Insurance: $4,200
Taxes: $22,000
Water: $0
Landscaping/ Snow: $0
Total Expenses: $26,600
Net Operating Income (NOI): $92,200 (9.33 Cap!!!)