Investment Property - Fully Leased
$295,000
Listing Resources
Listing Description
Investment Opportunity
Fully-leased mixed-use investment property for sale. Long term insurance agency tenant, barbershop, diagnostics testing user 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.
Sale Price: $295,000
Annual Gross Revenue: $51,840
NOI: $36,650
CAP Rate: 12.42%
Listing Details
Listing No : 2865
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 5,970 Sqft
Total Sqft Available : 5,970 Sqft
Sale Price : $295,000
Sale Price Per Sqft : $49.41
CAP Rate : 12.42%
NOI : $36,650
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 : $4,083
Tax Year : 2023
Traffic Count : 12,800
Year Built : 1900
Rehab Year : 2010
Clearance Max : 9 ft
Total Acres Available : 0.44 Acre(s)
Gross Rental Income : $51,840
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com