Located in busy commercial area near public transportation. Strategic location next to Wells Fargo and US Post Office. 4-unit commercial/retail/apartment building (2 retail/office units, 1 vacant asking $1200/mo and 1 leased to Bank of America; plus 2 3-BR apartments occupied with long term tenants rented at $1000/mo and $1200/mo.) BOA reimburses 25% of all operating expenses, 10+years remaining of firm base term featuring 12% increases every 5 years, including options. Annual Net Operating Income $40,020 (per SF $8.58). Re showing instructions: Lockbox for retail space - Call for appointment for apartments.
Listing courtesy of: BHHS FOX and ROACH-Margate
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