Price only for 1 Building. Seller retiring!!!! Excellent investment opportunity with neighboring property 2308 Cecil B. Moore also for sale. This mixed-use building includes four total units: a leased commercial space currently occupied by a restaurant (Fried Chicken and Halal Food) and three one-bedroom apartments. The remaining vacant unit is available for easy showing. Most residential units have been updated and are currently rented below market; with HVAC added, each could potentially rent for $1,000+ per month. With low taxes, low insurance, and landlord responsibility limited to water, property tax, and insurance, low maintenance. The building offers strong cash flow potential. At full occupancy, the projected cap rate exceeds 10%. Rent roll available upon request.
The data relating to real estate for sale on this website appears
in part through the BRIGHT Internet Data Exchange program, a voluntary
cooperative exchange of property listing data between licensed real
estate brokerage firms in which participates, and is provided by BRIGHT
through a licensing agreement. The information provided by this website
is for the personal, non-commercial use of consumers and may not be used
for any purpose other than to identify prospective properties consumers
may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
