Listed by LOCATE Commercial Real Estate
$350,000
Downtown Chariton Mixed-Use
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Restaurant
Square Footage 3,910
Units 6
Cap Rate 8.45%
NOI $29,580
Occupancy 100%
Tenancy Multi
Broker Co-Op Yes
Stories 2
Investment Type Value Add
Mixed Use | 8.45% CAP | 3,910 SqFt
Marketing description
This historic mixed-use property, centrally located at 124 1/2 North Grand Street, boasts a 3,910 SF building with 4 apartment units, and 2 commercial suites on the street level, offering a blend of modern comforts within a character-filled structure dating back to 1895. Enjoy the benefits of a fully occupied property, providing immediate rental income potential. With its timeless appeal, prime location, and consistent occupancy, this property presents a strong investment for multifamily or mid-rise investors.
Investment highlights
Fully occupied mixed use building
2 street level commercial suites, 4 apartments upstairs
Located in downtown Town Square across from Lucas County Courthouse
Surrounded by neighboring businesses, shops, and boutiques
Listing Contacts
Listed by LOCATE Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,580.00
$2,465.00/mo
Valuation Metrics
0
DSCR
8.45%
Cap Rate
8.45%
ROI
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