Description
This 17-unit mixed-use asset is priced to sell at a current 7.8% current cap rate. The property consists of (12) 1br/1ba apartments, (5) commercial spaces, & (9) garage spaces in the rear. The (5) commercial spaces are all currently leases to a total of (3) tenants - E Basket US Inc, Gulshan Restaurant, & Afghan Village. The apartments are all 1br/1ba and feature individual HVAC. Current gross rents total $274,020 annually and there is plenty of room to grow that number. Recent capital improvements include a tear off roof and parapet work in 2021, rebuilt sewer line in 2025, 4/5 newer water heaters, and mostly copper plumbing. Please reach out to listing agent to learn more about this opportunity.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This 17-unit mixed-use asset is priced to sell at a current 7.8% current cap rate. The property consists of (12) 1br/1ba apartments, (5) commercial spaces, & (9) garage spaces in the rear. The (5) commercial spaces are all currently leases to a total of (3) tenants - E Basket US Inc, Gulshan Restaurant, & Afghan Village. The apartments are all 1br/1ba and feature individual HVAC. Current gross rents total $274,020 annually and there is plenty of room to grow that number. Recent capital improvements include a tear off roof and parapet work in 2021, rebuilt sewer line in 2025, 4/5 newer water heaters, and mostly copper plumbing. Please reach out to listing agent to learn more about this opportunity.
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