Description
Mixed-use, cash-flowing value add opportunity. This unique 6 unit commercial property has been recently renovated and is grandfathered in to Washington township to allow for continued operation of all current uses including; a 4,000 square foot restaurant with 2,800 square foot basement for dry storage, 4,800 square foot storage warehouse, 1- 1 bed 1 bath apartment, 3 mobile residential lots, and 1 garage. This property already has strong cash-flow, 100% occupancy history, and has built-in rent increases for the length of the commercial restaurant lease generating even greater returns over time! The warehouse is also rented to an associate at discounted rent, meaning room to grow once the lease ends! Offered at a 9.28% cap rate, this property is guaranteed to be the gem in your investment portfolio. This property appraised for $760,000 in 2022 meaning instant equity for the savvy investor! Appraisal report available upon request.
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1BEDS
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2.3ACRES
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2BATHS
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31/2 BATHS
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12,311SQFT
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$58$/SQFT
Description
Mixed-use, cash-flowing value add opportunity. This unique 6 unit commercial property has been recently renovated and is grandfathered in to Washington township to allow for continued operation of all current uses including; a 4,000 square foot restaurant with 2,800 square foot basement for dry storage, 4,800 square foot storage warehouse, 1- 1 bed 1 bath apartment, 3 mobile residential lots, and 1 garage. This property already has strong cash-flow, 100% occupancy history, and has built-in rent increases for the length of the commercial restaurant lease generating even greater returns over time! The warehouse is also rented to an associate at discounted rent, meaning room to grow once the lease ends! Offered at a 9.28% cap rate, this property is guaranteed to be the gem in your investment portfolio. This property appraised for $760,000 in 2022 meaning instant equity for the savvy investor! Appraisal report available upon request.
© 2023 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2023-02-04T19:12:56.593.