Turnkey commercial cash flow, about 12% CAP rate at list price. High-visibility and demand with long-term, stable tenants, gross rents about $4000/mo when all 4/5 units occupied with annual expenses of only $4500/year (plus property taxes). Tenants pay their own utilities, plus snow removal (split between tenants as a CAM charge). Well maintained brick building, located near the community college campus. Plenty of parking with good signage. 2/3 units vacant, move your business in and rent the other units! Roof tune-up done Sept 2019, 10 year warranty for any leaks from licensed roofing contractor. Pizza Shop $1580/mo with a lease through Jan 2021, Hair Salon $950 with a lease through Nov 2020. Currently divided into 5 units, but could be 4. Past tenants included barber shop, convenience store, dentist, security store. Many uses for these spaces.
Listing courtesy of Century 21 HomeStar.
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