Contractor owner purchased this property in the late ’70s and has made his own improvements since then. He converted the building by permit to 5 residential and 1 commercial unit. The 5 large residential units are 2 bedrooms with excellent tenants. The units are remodeled/upgraded each time it goes vacant. The restaurant pays $4,200 a month. The owner also receives $12,754 annually from Clear Channel® for billboard lease. The building also features an additional 3,663± sf basement which owner is using for workshop/office/storage. Stylish loft-style units feature skylights, hardwood/softwood floors, updated kitchens, makers spaces and much more! Possible residential rent increases are banked!! This is a great opportunity if you’re looking for positive cash flowing investment. The owner may consider financing to a qualified buyer.
Contact David Valva for more information.
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