Description
an opportunity to buy an income producing asset in a location that has been steadily increasing in demand for several years. The storefront lease is through 2027 with rent increases built into the lease. The apartment lease is month-to-month, giving the buyer flexibility to renegotiate and increase rents. Storefront is rented for $1,292.27 per month. Lease is through April 30, 2027. There is a 2.5% rent increase every year. Apartment is rented for $875 per month including water. Long term (10+ years) tenants are month- to-month.
Description
an opportunity to buy an income producing asset in a location that has been steadily increasing in demand for several years. The storefront lease is through 2027 with rent increases built into the lease. The apartment lease is month-to-month, giving the buyer flexibility to renegotiate and increase rents. Storefront is rented for $1,292.27 per month. Lease is through April 30, 2027. There is a 2.5% rent increase every year. Apartment is rented for $875 per month including water. Long term (10+ years) tenants are month- to-month.
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