Listed by SVN Innovative Commercial Advisors
$625,000
171 Front St
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 8,722
Cap Rate 10.79%
NOI $67,446
Occupancy 90%
Tenancy Multi
Lease Type Modified
Price per SqFt $72
Class A
Year Built 1950
Buildings 3
Lot Size (SqFt) 13,397
Zoning General Shopping
Parking Spaces 7 spaces
Parking Per SqFt 0.80
Investment Type Stabilized
Ground Lease No
Retail | 10.79% CAP | 8,722 SqFt
Marketing description
Turnkey mixed-use investment opportunity featuring three well-maintained buildings on a single parcel with nine tenants currently in place, providing stabilized income from day one. The property offers a diverse income stream with residential tenants currently on month-to-month agreements, providing flexibility for future rent growth, while commercial tenants are secured under lease agreements for added stability. Ample on-site parking serves both residential and commercial occupants. A rare opportunity to acquire a well-kept, income-producing asset with proven performance and long-term investment potential.
Investment highlights
- Three well-maintained buildings situated on a single parcel
- Nine tenants currently in place providing stabilized income
- Residential tenants are month-to-month, offering future rental upside
- Commercial tenants are secured with existing lease agreements
- Ample on-site parking and a turnkey investment opportunity with long-term hold potential
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,446.00
$5,620.50/mo
Valuation Metrics
0
DSCR
10.79%
Cap Rate
10.79%
ROI
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