Description
This is a cash cow. Commercial unit is rented by a religious organization for 1100, Upper level 2-bedroom unit is rented for 850 by long term tenant. Lower level 2-bedroom unit is rented at 1100. The heating system in the upstairs unit was recently updated. This property accumulates over 3000 in income. Low maintenance income producing property. This property generates 29,646 in net income. Operating expense of 10% (sellers expense is lower). CAP RATE OVER 10%. The garage can also be rented for additional profit.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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4,038SQFT
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$0$/SQFT
Description
This is a cash cow. Commercial unit is rented by a religious organization for 1100, Upper level 2-bedroom unit is rented for 850 by long term tenant. Lower level 2-bedroom unit is rented at 1100. The heating system in the upstairs unit was recently updated. This property accumulates over 3000 in income. Low maintenance income producing property. This property generates 29,646 in net income. Operating expense of 10% (sellers expense is lower). CAP RATE OVER 10%. The garage can also be rented for additional profit.