Property Detail

Description

2 commercial spaces in the front ( mini mart, and hair salon) and 3 residential 1 bedroom 1 bath in the back. all paying rent, all rents are current . one of the residential units has been fully remodeled. everyone is on separate gas and electric meters and tenants pay for trash, landlord only pays for water. total rent coming in is $8366, putting the property at a 9.14% CAP RATE, with room still for upside for rent to be over ten thousand a month pro forma. Wonderful property with wonderful paying tenants. Property is more than 50% residential so does not have to be a commercial loan.