Building Details:
• Year Built: 1900
Not much class but the income is great with an 11% cap rate. Free standing building consists of C-store and 6 rental units. This mixed use located on a corner lot, ample on site parking. Improvements include vinyl siding, natural gas, municipal water and sewer, full basement, appliances, replacement windows. Land and building ratio 21/79%. Gross income $61669.; Expenses $21293.; Net $40376., Cap Rate 11%. Portion of expenses include advertising fees; vacancy factor; management fee; repairs/maint. fee all totaling over $7300. of which could be added to bottom line profit, resulting in more money in your pocket. We have others under separate listings. Call for marketing packages.
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- Chris Norwood, agent and Rofo Pro
