Description
Nice investment opportunity with stable tenants. The property includes commercial office space on the first floor, a three-bedroom residential unit on the second and third floors, and a garage. All units are fully rented by friendly tenants and both leases were just renewed for another year (ending in June 2023). The tenant in the commercial space pays $575 per month and took occupancy in 2019. The commercial unit consists of several offices and a half bath. The residential unit offers generous living space with three upstairs bedrooms and a full bath. The tenants in the residential unit also lease the garage for a total of $1275 per month. They also took occupancy in 2019. Tenants pay all utilities. Mechanical systems include heat/pump with a central air system in the attic for the residential unit. The commercial unit has window air conditioning and electric baseboard heat. The electric is separately metered with one gas meter for the central water heater. The commercial unit reimburses the landlord for 15% of the water bill and the residential unit pays the remaining 85%.Buyer to verify zoning and property dimensions. Floor plans were provided as a convenience only.
Description
Nice investment opportunity with stable tenants. The property includes commercial office space on the first floor, a three-bedroom residential unit on the second and third floors, and a garage. All units are fully rented by friendly tenants and both leases were just renewed for another year (ending in June 2023). The tenant in the commercial space pays $575 per month and took occupancy in 2019. The commercial unit consists of several offices and a half bath. The residential unit offers generous living space with three upstairs bedrooms and a full bath. The tenants in the residential unit also lease the garage for a total of $1275 per month. They also took occupancy in 2019. Tenants pay all utilities. Mechanical systems include heat/pump with a central air system in the attic for the residential unit. The commercial unit has window air conditioning and electric baseboard heat. The electric is separately metered with one gas meter for the central water heater. The commercial unit reimburses the landlord for 15% of the water bill and the residential unit pays the remaining 85%.Buyer to verify zoning and property dimensions. Floor plans were provided as a convenience only.
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