Listed by Worth Clark Realty
$180,000
Frager Building
Details
Property Type Mixed Use
Sub Type Retail
Square Footage 5,720
Net Rentable (SqFt) 5,720
Units 7
Cap Rate 1.56%
NOI $2,800
Tenancy Multi
Broker Co-Op Yes
Year Built 1920
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.073
Zoning Commercial
Ownership Private
Mixed Use | 1.56% CAP | 5,720 SqFt
Marketing description
Built in 1920, the Frager Building is a historic landmark in the heart of the business district. Street level currently houses a barber shop and the second storefront has recently been an ice cream shop and a retail store. There are 5 one-bed, one-bath apartments above the store/shop. One apartment need renovated and is not currently rented, but the apartments stay rented and cash flow is positive. Bring your business dreams and invest into building your future. The building has a full basement with outside access and the possibilities are endless of it's use. Serious well-qualified buyers only-please call for a private appointment for viewing.
Listing Contacts
Listed by Worth Clark Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,800.00
$233.33/mo
Valuation Metrics
0
DSCR
1.56%
Cap Rate
1.56%
ROI
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