635 center avenue - center avenue vacant lot - 631 center avenue auto body shop are being sold together. Come look at this opportunity to have a 5-unit income building with a 3,000 sqft lot for parking commercial trucks and more. Zoning is M-1 Industrial. Great opportunity for contractors looking to get cash flow and park trucks with equipment. Cap rate on the 5 unit building as is currently performing at 6.59%. The 3 lot package has the potential to increase to a cap rate of 12.55% based off $26,000 of market rent income "stabilized pro forma analysis". Leases are currently month to month. Package deal for 635 center avenue, 631 center avenue (auto body shop and center avenue (vacant lot properties are being offered at $1,750,000.00. Cash deal only. Vacant lot will be delivered vacant. All 3 lots have a total estimated sqft of 11407. Total taxes for all 3 lots are estimated to be 37751.36
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.
