Property ID : 1611507
Sold $460,000 - Commercial
This beautiful classic brick building built as Polonia Hall in 1915 contains a daycare facility and two beautiful apartments. Great cash flow, commercial tenant pays $5500 minus $250 heat credit, five year lease- year four $6250 less credit, year 5 $7000 less credit. Apartments rented at $750 and $895. Commercial kitchen in daycare facility. Commercial appraisal completed August 2, 2018. Close to several loft projects on Mitchell, great highway access. Seller financing possible. Easy to manage building with 12% CAP Rate that goes up with the lease. Commercial tenant requests no contact.