Here is a great opportunity for the astute investor!!! This building is completely occupied with a diverse group of quality tenants and all are in 3 or 5 year leases with the majority of the tenants only a few month into the lease. The main floor with ground level access both front and back has 3 long term tenants occupying approx 6400 +/- sq ft with the remainder storage, bathrooms or stairway. The lower lever has a non profit organization renting approx 5000 sq ft with the balance storage space. The NPO also allows the property to receive a tax credit of approx $5600 per year. There are 4 - 2 piece bathrooms throughout and 1 - 3 piece bathroom along with a kitchen area that is part of one tenants space. There has been many upgrades over the past few years and the building has an a net operating income that easily allows standard debt servicing and creating a reserve for future maintenance, repairs and upgrades (id:47421)
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Detailed Information
Listing Contract Date
2024-10-03
Municipal ID
0032223216
Ownership Type
Freehold
Plan
6120AZ
Property Type
Other
Transaction Type
For sale
Zoning Description
Commercial
Building
Constructed Date
1973
Foundation Type
Poured Concrete
Size (Exterior)
6600 square feet
Total Finished Area
6600 sqft
Type
Commercial Mix
Land
Total Size
Unknown
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