Listed by M Maltase Real Estate Group
$2,100,000
Montavilla Building
Details
APN R263864
Property Type Retail
Sub Type Commercial
Square Footage 7,875
Units 5
Cap Rate 6.30%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $266
Year Built 1924
Acreage 0.340
Zoning CM2
Parking Spaces 14 spaces
Parking Per SqFt 1.78
Turn-key investment with long term market rate tenants
Marketing description
The heart of Montavilla! The Montavilla Building is a 5- unit Retail Building. This well-maintained property offers investors a rare opportunity to acquire a proven retail asset in a thriving neighborhood.
The Montavilla Building is a 5-unit commercial building which offers an excellent opportunity for investors seeking a stable, income-producing asset in the heart of a thriving neighborhood. With long-term tenants in place, consistent rental income, and a strong CAP rate, the property demonstrates excellent financial performance. Located in a highly visible, community-centered location, it is very desirable amongst tenants.
The property features ample off-street parking, ensuring convenience and accessibility. This investment offers security as it is well maintained and positioned for long-term growth. This is a rare opportunity to acquire a neighborhood cornerstone with reliable returns and future value.
Investment highlights
- 5 units
- 7,875 square feet*
- 0.34 acres
- Zoning CM2
- Parcel #R263864
- Built in 1924
- 6.3% CAP rate
- 12 GRM
- Fenced in Parking lot with 14 spots
- flat roof
- unreinforced masonry construction
- County Records
- Heart of Montavilla Neighborhood
- Excellent tenant and cash flow history
- Off-street parking
Listing Contacts
Listed by M Maltase Real Estate Group
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