501 N Laramie Ave
Multifamily
Marketing description
This is a fully-leased, two-story commercial building with a gross leasable area of 2,826 square feet, situated on a 3,927 square foot lot. Constructed in 1928, the building is designed for multi-tenancy, with each floor offering a typical size of 1,413 square feet. The property's 100% occupancy rate presents a stable investment opportunity with immediate income.
The property is zoned as RS-3.
Sale Details:
Sale Type: Investment
Price: $499,000.00
Cap Rate: 8%
NOI (Net Operating Income): $39,920.00
Sale Conditions: Not selected in the image
Sale Notes: Retail store and two flat with basement apartment building
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Investment highlights
Sale Details:
Sale Type: Investment
Price: $499,000.00
Cap Rate: 8%
NOI (Net Operating Income): $39,920.00
Sale Notes: Retail store and two flat with basement apartment building
This is a fully-leased retail store and two-story apartment building with a gross leasable area of 2,826 square feet, situated on a 3,927 square foot lot. Constructed in 1928, the retail store is stand alone and Apartment building is designed for multi-tenancy, with each floor offering a typical size of 1,413 square feet. The property's 100% occupancy rate presents a stable investment opportunity with immediate income.
The property is zoned as RS-3.
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