About this home

Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.

Facts and features

Schools

• Bell Oaks Middle School

  elementary · 5-8 · 0.9 mi

  6

• Triton High School

  high · 9-12 · 1.3 mi

  3

• St. Francis De Sales Regional School

  elementary · K-8 · 1.0 mi

• Ethel M. Burke Elementary School

  elementary · K-4 · 0.3 mi

  5

• Castle Academy

  elementary · PK-8 · 1.2 mi

• Annunciation Regional School

  elementary · K-8 · 1.3 mi

Price history

• May 16, 2026 · Listed$750,000

Where it is