This mixed use commercial & multi-family residential building is located at the main downtown commercial corridor intersection of Brown & Davenport Streets providing superior exposure & accessibility. The building is comprised of 3 commercial based main level leaseholds. The second level is comprised of nine 1BR, 1BA apartments in very good condition, w/good rental history & revenue stream. An income/expense schedule is available from the listing agent or under MLS docs. This commercial building offers superior main level office space to utilize or lease for income stream with the apartment's rental income an added bonus. Current annual income is $81,660 & expenses are $32,042 resulting in a net profit of $49,618 and a 10% capitalization rate at a sale price of $499,500.
|Lot Size SqFt: 9148||Water Frontage (feet): 0|
|Lot Size Acres: 0.21||Shoreline:|
|Lake Name:||Access Road: CityStreet|
|River Name:||High School:|
|Lake Size-Acres: 0|