8.7 Cap Rate and 7.8 GRM at this brick 8,118 sq/ft mixed use commercial building featuring 7 sources of income! The 1st Floor restaurant is leased until 2023 at $2100/month, has separate utilities and is equipped with Central Air, and a new boiler in 2014. There are 4 additional units above the restaurant and three are currently leased at $1,000/month. One vacant apartment (3rd Floor Front) needs minor cosmetics and boasts hardwood floors. The Studio apartment is located over the highly sought after garage, and the studio rents for $850/month, and the Garage provides an additional income of $300/month. Sprinkler system. Total Gross rents $87,000.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
