Description
MIXED USE BUILDING WITH A 12 CAP RATE- RESTAURANT & 4 APTS- EXTRA LOT FOR PARKING INCL IN PRICE- TAXES ON THE LOT ARE AN ADDL' $1400 YR- REST. HAS A GAS FURNACE & CENT AC WHICH IS APPROX 15 YRS OLD- APTS ALL HAVE ELECTRIC HEAT- FLAT RUBBER ROOF, ELECTRIC SERVICE & PORCHES APPROX 15 YRS OLD- SELLER OWNS MOST OF THE REST. EQUIPMENT- REST. LEASE EXPIRES 5-31-21 BUT THEY HAVE 2 THREE YR OPTIONS & APTS ARE AL MO-MO- YEARLY INCOME IS $52200- YEARLY EXPENSES ARE AS FOLLOES: TAXES $11,000, INS $3700, WATER & SEWER $1400, ELECTRIC $650
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