SELLER IS OPEN TO CARRYING BACK A 1ST TRUST DEED - CALL BROKER FOR DETAILS-- Situated on 6000+ sq. ft. of prime South Park land the property is comprised of two (2) retail storefronts facing 30th Street with LONG-TERM tenants one (1) long-term 1Bed/1Bath apartment upstairs from the retail in front a 1201 sq. ft. charming 2Bed/1Bath house and one (1) charming Studio unit in the rear. Total square footage equals 3501 which includes a 6th income producer which is a 864 sq. ft. garage in the rear perfect for an artist studio or creative work/office space. Said garage has extra high ceilings and a full vertical roll up door. ALL IMPROVMENTS ON SITE VERIFIED BY ASSESSORS OFFICE AS PERMITED. A real mid 5% Cap Rate is achieved through: remodeling the upstairs 1Bed/1Bath Apt. increasing the garage space in the rear to $1000 which is currently rented at $500 as storage & modest increases to 1 storefront and the large house. With these adjustments total gross scheduled income is $78300.
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