IN A WORD - CAP RATE 6! How can you get a better investment then a proposed CAP Rate of 6! This is a building that needs work, inside and out. The front is 3 great retail spaces. The 2nd floor is 4 apartments. The back building has 1 large 2 door garage commercial space. The second floor has a 2 bedroom apartment and a 1 bedroom. Between the two buildings are 2 garages you can assign or rent out. THIS BUILDING NEEDS WORK, in the CAP Rate sheet attached is a $300,000 budget to redo the building. With this $300k the CAP RATE is 6! Don't miss this, RIGHT ON MAIN STREET across from the police station. Fantastic Visibility.
Listing courtesy of RE/MAX Patriot Realty.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.