Description
Fully occupied newer construction mixed-use triplex with 9 years left in tax abatement! Over 4100 total sq. ft. A cash flowing, 4 story corner lot, and located in the booming Olde Kensington area, this property is a great investment opportunity. Bi-level commercial Unit rented for $1,900/mo , residential Unit #1 for $1400/mo, and Unit #2 for $2,400/mo . That is a cap rate of over 7.5%! (investment analysis attached). Unit #1 is on a Month-to- Month in case new owner would like to be owner-occupant. Commercial Unit is a large bi-level unit with separate side entrance, a backyard, a large ADA restroom and a second restroom on the lower level for convenience. Unit 1 is a 1 bed/1 bath apartment with open floor plan, modern energy-efficient appliances, in-unit laundry, and beautiful finishes. Unit 2 is a bi-level 3 bed/2.5 bath apartment which has a spectacular rooftop deck with 360-degree views of the city, master suite, in-unit laundry, and a bonus area that can be used as a dining are, home office space, or just as an open space for entertaining. Some spectacular features include quartz counter-top kitchens, modern appliances, laminate flooring, luxurious vanity and elegantly tiles baths, walk-in closet, fiberglass roof deck, brick facade, high ceilings, security cameras, video doorbell intercom, etc. This is a rare investment opportunity, in a great area, at a great value!
-
0BEDS
-
0.02ACRES
-
0BATHS
-
01/2 BATHS
Description
Fully occupied newer construction mixed-use triplex with 9 years left in tax abatement! Over 4100 total sq. ft. A cash flowing, 4 story corner lot, and located in the booming Olde Kensington area, this property is a great investment opportunity. Bi-level commercial Unit rented for $1,900/mo , residential Unit #1 for $1400/mo, and Unit #2 for $2,400/mo . That is a cap rate of over 7.5%! (investment analysis attached). Unit #1 is on a Month-to- Month in case new owner would like to be owner-occupant. Commercial Unit is a large bi-level unit with separate side entrance, a backyard, a large ADA restroom and a second restroom on the lower level for convenience. Unit 1 is a 1 bed/1 bath apartment with open floor plan, modern energy-efficient appliances, in-unit laundry, and beautiful finishes. Unit 2 is a bi-level 3 bed/2.5 bath apartment which has a spectacular rooftop deck with 360-degree views of the city, master suite, in-unit laundry, and a bonus area that can be used as a dining are, home office space, or just as an open space for entertaining. Some spectacular features include quartz counter-top kitchens, modern appliances, laminate flooring, luxurious vanity and elegantly tiles baths, walk-in closet, fiberglass roof deck, brick facade, high ceilings, security cameras, video doorbell intercom, etc. This is a rare investment opportunity, in a great area, at a great value!
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-01T09:54:21.577.