Value Add Investment Property
$295,000
Listing Resources
Listing Description
Value-Add Investment Property
Mixed-use value add investment property is for sale. Long term insurance agency tenant, Newly placed barbershop and 2, 1 BD/1BA apartments occupied on 2nd floor. Rear warehouse is currently leased. Property includes 3 additional parcels adding to the existing parking lot.
There is one vacancy that could be utilized for owner occupancy or leased – 617 SF office / retail suite available for lease. Open concept suite with new flooring and paint.
Sale Price: $295,000
Annual Gross Revenue: $42,600
NOI: $26,792
CAP Rate: 9.1%
Listing Details
Listing No : 2865
Sale Or Lease : For Sale
Property Type(s) : Investment, Land - Multi-Family/Residential
Building Size (Sqft) : 5,970 Sqft
Total Sqft Available : 5,970 Sqft
Sale Price : $295,000
Sale Price Per Sqft : $49.41
CAP Rate : 9.10%
NOI : $26,792.16
Parcel No : 08-21.0-419-012;013;024;025
Zoning : C-2 Heavy Commercial
Zoning By : City of Belleville
Parking : 15
Parking Surface Type : Asphalt/Rock
Property Tax : $3,747
Tax Year : 2022
Traffic Count : 12,800
Year Built : 1900
Rehab Year : 2010
Clearance Max : 9 ft
Total Acres Available : 0.44 Acre(s)
Gross Rental Income : $42,600
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com