Price Reduced! Darin Spillman at Kidder Mathews is pleased to present 7416 S Western Avenue, a retail/office building generating solid cash flow with established month-to-month tenants.
Renovations include new flooring, kitchenettes, skylights, and mini-splits. Available to purchase as turnkey cash flowing investment or occupy a portion and allow other tenant to subsidize your mortgage payment. An owner-user occupying the front unit can qualify for up to 90% SBA financing. Contact listing agent for further details.
Front unit of approx. 1,100 SF is leased for $4,000/month.
Rear unit of approx. 900 SF is leased for $2,800/month.
Annual gross income: $81,600.
Annual expenses:
New Property Tax: $8,112
Insurance: $5,000
DWP: $3,600
Trash (Republic): $3,600
Gas: $600
Total expenses: $20,912
Net operating income: $60,688 (9.35% current cap rate)