Description
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate. The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes. Annual property tax: $29,599.42 Owner expenses: Approximately $5,000/year for property insurance Roof: Replaced about 3 years ago Tenant: A dry cleaning business that has operated at this location for approximately 25 years Lease: Long-term lease in place 10 years with a 5-year renewal option
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate. The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes. Annual property tax: $29,599.42 Owner expenses: Approximately $5,000/year for property insurance Roof: Replaced about 3 years ago Tenant: A dry cleaning business that has operated at this location for approximately 25 years Lease: Long-term lease in place 10 years with a 5-year renewal option
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