Baragar Realty
Listed by Baragar Realty
$300,000
Prime mixed-use investment opportunity
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 3,776
Units 3
Cap Rate 6.58%
NOI $19,733
Occupancy 66%
Pro-Forma Cap Rate 8.6%
Pro-Forma NOI $25,800
Price per SqFt $79
Year Built 1920
Buildings 1
Stories 2
Acreage 0.073
Zoning Transitional City Center
Parking Spaces 4 spaces
Parking Per SqFt 1.06
2 Apartments & 1 Commercial space
Marketing description
Prime mixed-use investment opportunity on the Leonard Street Corridor. This building features street-level retail/office space with overhead doors—ideal for storage, service, or contractor use—along with finished office space and an attached garage. Two residential rental units are located upstairs, providing additional income. Surrounded by strong positive growth and redevelopment in neighboring properties, the location offers excellent visibility and convenient access to US-131. A solid, income-producing asset in a rapidly improving corridor.
Listing Contacts
Baragar Realty
Listed by Baragar Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,733.00
$1,644.42/mo
Valuation Metrics
0
DSCR
6.58%
Cap Rate
6.58%
ROI
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