Mixed-use commercial/apartment 3-unit fully leased with 7.63% cap. Roof, floor, range, microwave, and refrigerator were new in 2020. Two apartment tenants: 2 bedrooms and a studio with an attached garage. Studio tenant with an attached garage pays $1,100/mo and is on a month to month lease. The two-bedroom tenant has a lease to 3-31-2023 and pays $1,050/mo rent. The commercial tenant pays $1,236/mo to 12-31-2022 plus an option to renew to 12-31-2025 with increase in rent. Apartment tenants pay for their electricity. For the commercial tenant, the landlord pays gas, electricity, water, and trash. The commercial tenant has been leasing the space since 1996. One gas meter and one water meter. The commercial tenant maintains the boiler.
Listed by Yu Jie Chen of RE/MAX Results

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