Description
Mixed use commercial/residential investment property. Located on State Road 46W near Ellettsville. This property consists of 2 retail locations, 1 small office, 1 workshop, and 3 residential apartments. All units are leased bringing in $40,980/year with a Net Operating Income of $31,435 (CAP rate of 9.85%). Two of the current tenants have been there for 15years! Recent repairs/updates include: new siding, soffit, window wraps, concrete parking and steps, roof, gutters, skylights, paint, doors, plumbing, ceiling fans, carpets... all totaling $41,678 in the last 7 years.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Mixed use commercial/residential investment property. Located on State Road 46W near Ellettsville. This property consists of 2 retail locations, 1 small office, 1 workshop, and 3 residential apartments. All units are leased bringing in $40,980/year with a Net Operating Income of $31,435 (CAP rate of 9.85%). Two of the current tenants have been there for 15years! Recent repairs/updates include: new siding, soffit, window wraps, concrete parking and steps, roof, gutters, skylights, paint, doors, plumbing, ceiling fans, carpets... all totaling $41,678 in the last 7 years.
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