Residential unit is rented out fully furnished at $5400/m, Commercial unit is rented out for $2200/m. Completely remodeled with city permits, 10 year tax abatement approved on the remodeling cost. Storefront with new commercial window and door, ADA compliant bathroom, finished basement with bilco doors and access from commercial space. Fire alarm. 2 Story apartment on the second and third floor with separate entrance, 2 bedrooms, 1.5 baths, rooftop deck and much more. With only one unit occupied cap rate is close to 5.5%, with both units occupied projected cap is close to 9%
Courtesy of: Dan Real Estate, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st December, 2022 10:23 PM (UTC)
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