Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159,840. Net after expenses $134,265. Retail space under long term lease (the acclaimed Rain Restaurant) with 4 luxurious 2 bedroom apartments. Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.
|Address||Distance||Sale date||Sale price|
|643-647-651 PROVIDENCE ST||1.07 mi.||3/27/2018||$2,232,000|
|1193 CENTRAL AV||3.41 mi.||10/23/2018||$1,595,000|
|100 FULLER RD||4.22 mi.||7/31/2017||$1,300,000|