Listed by First Choice Real Estate
$250,000
802 5th
Details
APN 040016364110070
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 3,600
Lease Type NNN
Year Built 1890
Stories 2
Acreage 0.150
Zoning Commercial
Parking Spaces 10 spaces
Parking Per SqFt 2.78
Retail | 3,600 SqFt
Marketing description
Well Restored Historic Building on a corner lot in Durant with a 10 space parking lot. The main level currently has one commercial occupant with a triple net lease and the 2nd level has Two 1 Bedrooms apartments. Lease income: $27,000 less 1/2 Property Tax of $3,468 , less 1/2 Insurance of $2,500, less $800 annual common area electricity. Net Income: $23,216. Utilities are separated, apartment leases are month to month and commercial lease is good trough 10/01/2027. This is an excellent investment opportunity that is meticulously kept with good rental history. The main level has 2 separate entrances and could house another business
Business Rent: $1,250 per month plus half annual insurance and taxes. Lease is good until 10/01/2026 but they have requested a 12 month extension. Apartments rent for $500 per month each on a month to month lease.
Investment highlights
- Miscellaneous: Building; Land; Lease; Basement; Rent$: 27000; Rest Rooms: 4; SqFt Floor: 3600
- Lease Terms: Month to Month; 12 Months
- Utilities/Providers: Air Conditioning: Central Air; Amps: 200; Cable TV; Electric Water Heater; Electricity; Heat: Boiler; Internet; Natural Gas
- Water Source: Public
- Sewer: Public Sewer
- Construction Materials: Vinyl Siding
Listing Contacts
Listed by First Choice Real Estate
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