Listed by The Keyes Company
$2,590,000
516 NW 4th Ave,
Details
APN 514221170340
Property Type Mixed Use, Special Purpose
Sub Type Religious/Church, Traditional Office
Square Footage 6,529
Units 4
Beds 4
Cap Rate 9.61%
NOI $249,000
Year Built 1951
Year Renovated 3
Buildings 4
Lot Size (SqFt) 35,911
Zoning WEST RAC
Investment Type Owner/User
Occupancy Date 02/09/2026
Ownership Israel Of GOD
Sale Condition For sale by owner
Mixed Use | 9.61% CAP | 6,529 SqFt
Marketing description
A true diamond in the rubble. Priced to sell. This property is every developers dream. The area is zoned for both commercial and residential. These properties are sold as one package with the purchase price decreased for a quick sale. This package includes two church buildings and two residential units both are 3 bedrooms and 2 bathrooms with a one block long fenced empty land space. The area is being developed by developers with multi family homes. Some buildings on the property has been recently upgraded and repainted with security cameras installed throughout. Contact the listing agent to confirm all showing appointments. Multi offer situation is anticipated please let your first offer be your highest and best so we can close on this property.
Investment highlights
Two churches on this lot which provides rental income initially to assist the loan. One of the buildings can be used as a daycare with three rooms and an administration office with a drop and drive through entry.
Listing Contacts
Listed by The Keyes Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,000.00
$20,750.00/mo
Valuation Metrics
0
DSCR
9.61%
Cap Rate
9.61%
ROI
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