Current CAP Rate is 4%. Once two more residential units are rented, it will jump to 8%. This building will be a great income property for investors who want to be a little more involved than current owners, and could increase income with some minor changes. Two Story brick and concrete block building that was built in 1962 and since well maintained by original owners. 5 Retail Units on the Lower Level, and 2 Residential Units on the 2nd floor, as well as a Basement Residential Unit. Newer, painted, galvanized, and reinforced metal roof as of 2004. Recently painted exterior in 2009. Anchored by long term Dry Cleaner and Laundromat tenant. 27 Parking spaces in front, and residential parking in back. Ample signage facing 44th Avenue. Hundreds of feet of Glass Front retail facing 44th. 2 Owner-Occupied Residential Units. Beautiful Hardwood Floors in Residential Units. Residential Unit kitchens remodeled in 2009. Mixed Use, Multi Family and Retail. 13,000+ Vehicles Pass By Daily.
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