Property Detail

Description

EXCELLENT CASH FLOWING ASSET. 7.12% current, in place cap rate! The property consists of 2 commercial units and 2 apartments. The commercial unit is currently being used as a leather goods manufacturer. There is one large apartment unit above the leather goods unit that is 2 bedroom, 2 bath, plus bonus room. There is a second free standing 2 story apartment unit behind the front building with 1 bedroom 1 bathroom, plus a garage. The property is 100% occupied and producing very good income. The leather goods tenant is paying $2,400/mo. The large apartment is paying $2,904/ mo. The rear apartment is paying $1,900 per month. Total $7,204 per month. Tons of upgrades, including electric.