One of the best location on 18th Ave, First floor, currently uses as Vietnamese restaurant, very lucrative business. Currently renting $6500 a month, responsible 50% properties tax. 4% annual increase. 3 years lease left, plus 5 years option. 2nd Floor renting $3300 a month also 4% escalates. 3 years left. Tenants responsible for all water and sewers bills. The homeowner only has to pay half property tax and building insurance. That is all expenses for the entire building. No hassle. Requires almost no maintenance. It’s truly a dreaming property for investors have been looking for…!
One of the best location on 18th Ave, First floor, currently uses as Vietnamese restaurant, very lucrative business. Currently renting $6500 a month, responsible 50% properties tax. 4% annual increase. 3 years lease left, plus 5 years option. 2nd Floor renting $3300 a month also 4% escalates. 3 years left. Tenants responsible for all water and sewers bills. The homeowner only has to pay half property tax and building insurance. That is all expenses for the entire building. No hassle. Requires almost no maintenance. It’s truly a dreaming property for investors have been looking for…!
Listing Courtesy of Tiger Realty