REDUCED! +/- 19,000 SF Building Complex; +/- 12,500 SF Office Building & +/- 6,500 SF Warehouse Building. Extremely well maintained, updated building with off-street parking and common restrooms. Walking distance to public transportation. Excellent Frontage / Signage. Ideal for Owner-User or Investor. Priced to sell!
Successful auto repair business and real estate for sale on a prominent corner position on MacDade Blvd. Business and equipment is included in the sale price. 3,180 Sf building on .34 acres. Well maintained building and property.
DELCO STORAGE Well Established Mini Storage facility of 154 units Pizza shop on the corner and 3 bed apartment on the 2nd floor UPSIDE: Low rents across the board on the self storage facility, light advertising& .etc. Great Signage and Visibility! BUILDING HIGHLIGHTS: Delco Storage 154 unit operating facility - (110) 10' x10' - rented for $70-90 per month - (26) 5' x7' - rented $55-60 per month - (26) 5' x5' - rented for $35 per month - (2) 10' x18' - rented for $115 per month Little to no advertising done, way below competition' s rates (MUCH UPSIDE). Last Ownership invested over $900k in upgrades and improvements Freight elevators, full security and fully sprinklered. Currently at 70% occupancy (UPSIDE) Pizza shop (over $150k invested with new operator), currently rented for $1200, 1/15 raised to $1375 on a 5 new year lease Large 3 bedroom apartment on the 2nd floor rented for $950 per month (UPSIDE) Operating Expenses (Current): $29,981.00
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Strong Investment Property 40%+ IRR & 11% Cap Rate with In place rents and expenses and 25% cash on cash return. Property generates $30,000 annual net income with $56,000 of revenue and $26,000 of expenses. Next buyer has opportunity to reduce expenses. 6 Units + 1 Garage - 3 Story Building with all units and garage rented. 5 apartments have 1 bedroom, and 1 apartment has 2 bedrooms. Easy to rent with a great location, each unit features a full kitchen and full bath. Gas heating Boiler is brand new! Tenant pays gas and electric, and Owner pays water and heat. Electric heating for each unit. Property has a driveway that accommodates 5 car parking. A LOT of potential upside on this property Under market rents, coin operated laundry in the basement, storage lockers in the basement. Ownership has yet to increase the rents to market level, leaving a substantial amount of rent growth for the next owner. Some units are $50 - $75 below market levels (not included in 11% cap rate). Call for more information.