MULTI UNIT INVESTMENT PROPERTY WITH BIG VTB AVAILABLE!!! Solid updated triplex (one commercial unit and two residential units) with anchor restaurant tenant and solid lease until late 2027. Owner updated residential units and professionally upgraded successful commercial restaurant tenant. Both residential units are month to month with good returns. Interesting investment opportunity in that the seller is willing to hold a first VTB with only a minimum of 25% down for 2 yrs and a very business friendly 7% lending rate WITH NO EXTRA LENDER FEES!!!!! Seller is very interested in selling before the new Capital Gains regulations take effect so don't wait to act! Building has recently be fire retrofit upgraded and the properties one time Park Dedication fee applicable to 2024 taxes has been owner paid already. GREAT OPPORTUNITY TO INVEST IN AN EASY BLUE CHIP SAVINGS PLAN WITH BETTER FUTURE RETURNS. (id:47421)
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Detailed Information
Lot
52 x 120 ft
Total Area
3,369 ft2
Amenities Nearby
Schools
Equipment
Furnace, Water Heater
Features
Park setting, Park/reserve, Paved driveway, Level
Listing Contract Date
2024-05-17
Location Description
URBAN
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Furnace, Water Heater
Transaction Type
For sale
Zoning Description
C2
Business
Business Type
Other
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Architectural Style
2 Level, Multi-Unit
Basement Development
Finished
Basement Type
Full (Finished)
Construction Material
Wood frame
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Stucco, Vinyl siding, Wood
Fire Protection
Fire alarm system, Sprinkler System-Fire
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Size (Exterior)
3369 square feet
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
52 x 120 | under 1/2 acre
Amenities
Schools
Sewer
Municipal sewage system
Size of Irregular Land
52 x 120
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