Property Description

Do not let this well maintained 11 unit 2 building Commercial complex slip by without a good look around. All the Big dollar items are done. New 40 year rated roofs installed on both buildings and the Parking lot was completely removed and replaced. HVAC systems replaced as needed. There is a stable tenant base with diversified income stream, low operating expenses relative to income, professionally managed and very attractive rental rates. Many long term tenants 5 & 10 years. Units are seldom vacant for more than 30 days. Only one unit is vacant right now and it is being rehabbed after having been rented by the same Dentist for 40+ years. Plenty of parking with 50+ spaces. Centrally located at a high visibility intersection. Need to do a 1031 exchange ?. Perfect property to move your duplex or 4 plex profits into. 11 units for $1,300.000, that's $118,000 a door. The only rental out there cheaper would be a 1970 era Station Wagon on Blocks in some guys back yard. Like I said don't let this one get away.

Property Features