Average square foot calculated using Size range provided by listing agent.
Description
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.Show Description
MLS® NumberPAPH2521864
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
Exterior
GarageNo
Approx. Age1920
BasementConnecting Stairway
DrivewayOn Street
Garage Spaces
HeatBaseboard - Electric, Electric
A/CWindow Unit(s), Electric
Heating Fuel
Extras
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