Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
35 x 64.75 ft
Listing Contract Date
2024-09-26
Location Description
SW C at Barton & Kenilworth
Property Type
Business
Transaction Type
For sale
Zoning Description
C5a
Building
Cooling Type
Partially air conditioned
Heating Fuel
Electric
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
35.08 x 64.8 FT
Size of Irregular Land
35.08 x 64.8 FT
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