JC Plaza, located in north Junction City is zoned General Commercial. Property features Hwy 99 frontage exposure and has plenty of off street parking. Commercial building has 4 updated one bedroom apartments that are continually rented. Three commercial office spaces located on the ground floor with 500 sq. ft. each. Each office space has individual furnaces with A/C and meters. Building was built in 1991 with a remodel completed in 2010. Small laundromat is turnkey and income producer. Back of property has 8 full hook up RV spaces with water, sewer, power, phone and satellite TV. Seller moving up into Multi-Family Property, willing to do cash out or exchange. Property has lots to offer and generates positive cash flow. * 2011 Income: $72,617* Expenses: $29,676* Net Income: $42,941* 2012 Projected Net Income: $33,400* Average Net of 2011 & 2012: $38,170* Just under 9% Cap* Upside: 3 office spaces vacant, have possible tenant for one office now
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