Nice Investment Property. Just renovated in 2018. Brand new from scratch. Everything new. Leased for 5 Yrs with one 5 Yrs Option. Convenience Store on 1st Floor, Apartment on 2nd Floor. Hard to find 8.5% Cap Investment Property.Rent C Store: $3500 Gross(Mthly).Rent Apartment: $1200 Gross(Mthly).Total Gross for Year: $ 56,400.Property Tax & Insurance abt $4400 Yr.1 Yr Lease- Apartment.5 Yrs + 5 Yrs Lease-C Store. Rent Increment: 1st Yr @ $500($4000).Rent Increment: 5Yr @ $500($4500).
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