WOW! What a spectacular Income Property! 7 or 8 car garage , and a huge loft over the 5 car garage! The first garage looks like a 2 car plus a single car garage with new 12 ft tall insulated doors. Yet it's 35 ft deep! and 2 stories tall with 12 ft. doors and loft that's 1016 sq. ft. Plus the inside is open to the next 2 Plus car garage. There are also 2 apts plus a beauty salon which can easily be transformed into a super cool apt. This whole property has newer vinyl siding & new replacement windows, newer GFA furnace & 3 breaker boxes. Inside has reznor heat. It's got it all! Heat, heavy duty electric, storage and plumbed for the mechanics minded homeowner or rent out the garage space too. All the appliances stay, newer paint and carpet inside. Only upstairs tenant now, but the 1st floor unit and the beauty salon are ready to go! Come see this outstanding value. Apt. 1, darling mud room, remodeled kitchen with stove, fridge, 2 big bedrooms, laundry rm., remodeled bath. Apt #2 has 3 bedrms, laundry rm. with pan for washer & space for gas dryer. New tub/shower surround in great bath, country kit. All appliances. 3rd flr master bedroom, newer carpet, windows, even emergency ladder. Apt. 3 beauty salon or 2 bedrm. apt. and #4 rental could be the garages! Super value. INVESTORS... here are the magic numbers annually ...Net Operating Income (NOI) $17,324, Gross Rent $22,080 (based on $640 rent for 4 units), Cash Flow $12,988.40, CAP Rate 20.87%, Cash on Cash Return 62.59%
Listing courtesy of Tri Sun Real Estate. Selling Office: Tri Sun Real Estate.
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