MIXED USE PROPERTY WITH 5 RENTAL UNITS,3 RETAIL AND 2 RESIDENTIAL ON THE PRIME LOCATION OF BUNKER HILL NEIGHBORHOOD. BUILDING IS IN VERY GOOD SHAPE,WELL BUILT ON A VERY BUSY INTERSECTION WITH A LOT OF EXPOSURE FOR ANY BUSSINESS. ALL RETAIL UNITS ARE RENTED WITH LEASES IN PLACES WITH OPTIONS TO EXTEND THEM WITH 2-2.5 % INCREASES YEARLY. ONE BEDROOM UNIT IS RENTED IN MONTHLY BASES AT $700/ MONTH (potentially 850-900),3 BEDS UNIT (SIDE BY SIDE) JUST BECAME AVAILABLE FOR RENT AND IS FULLY REPAINTED,FLOORS REFINISHED AND READY TO BE RENTED BY NEW OWNER OR CAN BE RENTED IF DESIRED BEFORE CLOSING CAN TAKE PLACE. IT WAS RENTED FOR $1600/MONTH. BUILDING IS WELL MAINTAINED,HAS REPLACED WINDOWS, SLATE ROOF WHICH WAS REPAIRED 3 YEARS AGO(REPLACED BROKEN TILES),SIDING PAINTED 4 YEARS AGO, NEW 6X6 GUTTERS JUST INSTALLED, UPDATED FURNACE OF 3 BED UNIT,WHICH WAS SWITCHED TO NATURAL GAS, REPLACED GAS FURNACE OF THE BARBER SHOP UNIT, BOTH KITCHENS ON THE RESIDENTIAL UNITS ARE UPDATED WITH NEW CABINETS AND GRANIT COUNTERTOPS. BASICALLY IS NOTHING LEFT TO DO, JUST COLLECT THE RENTS IN THIS PRIME INVESTMENT PROPERTY. EXPENSES: MAINTENANCE (SNOW, LAWN CARE)$ 1150, INSURANCE $ 2972, REPAIRS $4230, SUPPLIES $1335, TAXES $11355,WATER/SEWER $1371. SOLD AS-IS CONDITION, INSPECTIONS FOR INFORMATION ONLY. RETAIL UNITS ARE LEASED WITH OPTION TO EXTEND, 2 OF THEM LEASED AT $1100, THIRD ONE AT $1420.
Listing courtesy of Koco Pela from William Raveis Real Estate
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