Listed by ROCK Commercial Real Estate
$749,000
128 S Main Street
Details
APN 67-85-000-02-0143-00-00000
Property Type Retail, Multifamily
Sub Type Apartment Building, Convenience Store
Square Footage 10,634
Units 11
Tenancy Multi
Year Built 1920
Buildings 1
Stories 3
Zoning Village (V)
Parking Spaces 10 spaces
Parking per 1,000 SqFt 0.94
Ground Lease No
11-Unit Mixed Use Investment
Marketing description
Seller currently operates the grocery store / takeout restaurant on the first floor. He intends to close the store for a new operator to either rent or operate their own business. There are 10 apartments among the 2nd and 3rd floors with rental rates between $800-900/month. Nine (9) apartments are currently rented with one (1) studio apartment available for rent. Current NOI is $41,600 with potential for $63,800, yielding a 8.5% cap rate.
Investment highlights
- One Commercial Storefront - 3,558 SF
- Two 2BD/2BA units
- Six 1BD/1BA units
- Two studio apartments
- $114,600 Potential Rental Income
Listing Contacts
Listed by ROCK Commercial Real Estate
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Zoning
V MixedMixed UseVillage
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