Listed by Integrated Real Estate Ser LLC
$850,000
James Street Plaza
Details
Property Type Mixed Use, Office
Sub Type Convenience Store, Restaurant
Units 10
Cap Rate 8.29%
NOI $70,500
Pro-Forma Cap Rate 14.65%
Pro-Forma NOI $124,500
Buildings 1
Stories 2
Zoning Mx-2
Parking Spaces spaces
Investment Type Owner/User
Mixed Use Commercial 10 Unit Building
Marketing description
INCOME PRODUCING, INVESTOR HEAVEN property! This entire building has ample off street parking to maintain the 10, that’s right 10 UNIT BUILDING! 7 apartments all full rented, with 3 commercial store fronts with 2 of the 3 being rented currently. Gross income for the building is currently at $124,200 with room for growth in each unit.
4 - 2 bedroom for monthly rent $850
2 - 1 bedroom for monthly rent $850
1 - 1 bedroom for monthly rent for $750
Commercial rental AVAILABLE estimated $2,500
Commercial rental - 3-5 year lease for $2,000
Commercial rental AVAILABLE estimated $2,000
Currently:
Gross: $94,200
Operating expenses & taxes: $23,700
NOI: $70,500
Cap rate 8.2%
Pro-forma Gross: $124,500 and Pro-forma Cap at 14.6%
Listing Contacts
Listed by Integrated Real Estate Ser LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,500.00
$5,875.00/mo
Valuation Metrics
0
DSCR
8.29%
Cap Rate
8.29%
ROI
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