Listed by Berkshire Hathaway HomeServices Michigan Real Estate Portage
$1,099,999
900 E Michigan Avenue
Details
APN 18-12-31-490-005
Property Type Retail, Office
Sub Type Storefront, Executive Office
Square Footage 2,548
Units 1
NOI $84,480
Year Built 2018
Buildings 1
Acreage 0.580
Ownership LLC
Retail | 2,548 SqFt
Marketing description
Great investment property built in 2018 with long term tenant in place with very limited landlord responsibilities. This is a great option for a long-term investment with an attractive cap rate and a corporate tenant with over 900 locations in 34 states. Ideal investment for 1031 exchange. Currently used as a optical retailer.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Portage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,480.00
$7,040.00/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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