Building Details:
• Year Built: 1920
This multi-use property offers four unique revenue streams to the investor; the first two are derived from residential units on the second floor, and the second two from commercial operations on the first floor.
The first residential unit is one-bedroom, 884 sft, currently leased at $900 per month. The second unit is two bedroom 1,100 sft, currently leased at $1000 per month.
Downstairs there are two commercial revenue stream generators - a 2,000 sft retail storefront and a long-time (>20 yrs) ice cream shop (around 350 sft).
The retail space will generate $1800 - $2058 per month (lease rate $10.50 - $12.00 NNN) and the Ice Cream shop has historically generated over $50K in free cash flow on an annualized basis.
Full financials available upon nondisclosure agreement (NDA) execution.
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- Chris Norwood, agent and Rofo Pro
