4500+-SF Multi-Unit Commercial Bld with 5 spaces Fully occupied generating $61,200 Net Real Estate Income. Buy this great income opportunity today: operate your business with room to grow while current remaining tenants pay for your real estate investment. Confidentiality Agreement to be signed upon Showing with LOI agreeing to purchase price. Do Not Disturb Tenants!
Current rent roll:Monthly $1200;$1400;$1500;$400;$600. $61,200/year (30%OE)=$42,840+-Estimated NOI /6% Cap Rate. All Leases are short term 1-2years. Ideal for User Operator to bring his/her business to occupy the desired space needed, surround yourself with other businesses that complement yours as Add Value to not only increase business income but as all the businesses grow together raise rents accordingly the as an exit strategy sell business at top value after most of depreciation is taken, then sell R.E. to same buyer or other based on rasied income stream/ appropriate new cap rate.