Listed by NAI Piedmont Triad
$477,647
240 / 242 The Boulevard
Details
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 4,500
Units 4
Cap Rate 8.50%
NOI $40,600
Occupancy 100%
Tenancy Multi
Brand/Tenant Nail Salon, Pick & Pay Bin Store
Lease Type Modified
Year Renovated 2026
Buildings 2
Ground Lease No
Multifamily / Retail Mixed-Use Investment Property
Marketing description
An exceptional opportunity to acquire two adjoining mixed-use buildings being offered as one investment package. This income-producing property features two fully leased retail spaces and two residential apartments, providing immediate cash flow with a diversified tenant mix.
This turnkey investment offers consistent income from multiple tenants while providing investors with an attractive cap rate and the stability of both commercial and residential revenue streams.
Investment highlights
- 8.5% Cap Rate
- Two-building package sold together
- Four total income-producing units
- 2 Retail Spaces
- 2 Residential Apartments
- 100% occupied with established tenants
- Strong mix of commercial and residential income
- Excellent opportunity for investors seeking stable cash flow
Listing Contacts
Listed by NAI Piedmont Triad
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,600.00
$3,383.33/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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