Listed by SNSHN Realty LLC
$409,000
573 W Lincoln Ave 575
Details
Property Type Mixed Use
Sub Type mixed use
Square Footage 4,784
Units 3
Cap Rate 6.6%
NOI $27,013
Occupancy 100%
Pro-Forma Cap Rate 6.83%
Pro-Forma NOI $27,915
Price per SqFt $85
Year Built 1912
Buildings 1
Stories 3
Zoning LB2
Mixed Use | 6.60% CAP | 4,784 SqFt
Marketing description
Located on a visible corner beside the basilica, this mixed-use building is fully leased through 2026 and brings in $3,965/month ($47,580/yr), with additional income from tenant paid water, gas and electric. The street-level commercial space is a spa that was recently remodeled with luxury vinyl plank flooring, modern paint, updated fixtures, and redesigned bathrooms. Upstairs, the two-bed, two-bath residences span two floors and pair impeccable original woodwork with large open kitchens, great natural light, and sweeping views of the basilica. This a solid, low-maintenance property with upside market rent potential!
Listing Contacts
Listed by SNSHN Realty LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$27,013.00
$2,251.08/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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