Mixed used property with the first floor zoned as professional use like dentist or physician. Second floor has a studio apartment property comes with city sewer and water. Office downstairs has newer central air system. Nice size parking lot big enough for 10 cars to accompany the business on first floor. Property needs about $15k to get rent ready or $45k to flip for a quick profit. Studio can rent between $600 – $700 office on first floor can rent between $1200 – $1300 per month.
Gross Rent – $21,600
Taxes -$1740
Insurance – $800
5% Vacancy – $1,080
Net Income – $17,980
ROI – 27% (return on investment)
CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 908-759-3161
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John at 908-759-3161. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.