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| Description: 3349602 | |
| Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20` Ã? 50` building on a 20` Ã? 60` lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and is occupied by a tenant paying $1,800/month, with a lease secured through 2030. The second-floor tenant is responsible for gas and electric expenses. The property currently generates $4,100/month, or $49,200 in annual gross rental income, with long-term leases providing excellent income stability and reduced vacancy risk. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location. | |
Details: |
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| Property Type: | Mixed Use | |
| Built: | 1928 | |
Financials: |
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| Price: | $1,690,000 | |
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