Re/Max Edge
Listed by Re/Max Edge
$739,000
140 Morningstar Road
Details
APN 01152-0083
Property Type Land
Sub Type Commercial
Square Footage 1,700
Year Built 1931
Buildings 1
Acreage 0.060
Zoning R3-2
Land | 0.06 acres
Marketing description
Solid mixed-use investment property featuring a commercial storefront on the first floor and a residential apartment above, located in a well-traveled commercial corridor. The building sits on a 27 ft � 92 ft lot (2,484 SF) with an approximate building size of 22 ft � 39 ft ( 1,700 SF). Both units are fully rented, producing 5,625 per month in gross rental income with operating expenses of about 1050 per month, resulting in an estimated net income of 4,575 per month. The storefront tenant maintains a steady business presence (once the lease is over, the new owner may renew, adjust rent, or occupy for their own use). The upper-level apartment provides additional stable income, making this property suitable for both investors and owner-users seeking consistent returns.
Highlights:
1: Mixed-use brick building (commercial + residential)
2: Fully rented - 5,625 monthly gross income
3: Approx. 1,700 SF building on 27 � 92 lot (2,484 SF)
4: Operating expenses 1050 / month | Net income 4,575 / month
5: Visible location near shopping, highways & transportation
6: Ideal for investors or owner-operators seeking long-term value
Financing: Conventional Financing Accepted - also suitable for cash or hard money buyers
Listing Contacts
Re/Max Edge
Listed by Re/Max Edge
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