Description
3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.
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0BEDS
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1.3ACRES
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0BATHS
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01/2 BATHS
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12,000SQFT
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$267$/SQFT
School Ratings & Info
Description
3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.
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