OUTSTANDING OPPORTUNITY to own a fully leased professional plaza in a QUALIFIED OPPORTUNITY ZONE (QOZ) for incredible IRS advantage for investors seeking favorable treatment of capital gains from sale of other investments - consult CPA & investment advisor for particulars. A pair of 2 story buildings with 55+ space paved parking lot in highly visible business district. Great blend of tenants and Leases do not exceed 3 year remaining terms and have built-in annual increases. 10 units (7 business & 3 residential apartments). Roofs replaced and parking deck retaining wall updated within past 3 years and parking lot just sealed & striped. Newer exterior stairs & soffit lighting recently installed. Lower units have individual heat pumps, upper units have window units. Tenants pay electric, Landlord pays water/sewer/trash. Property performs very well with $147,900 gross scheduled income and 6% CAP rate. Multi-dimension investment in a dynamite location with the benefit of current cash flow, DOZ tax advantages & redevelopment potential in future years.
|DAYS ON MARKET||391||LAST UPDATED||6/13/2019|
|COMMUNITY||1-Boone, Brushy Fork, New River||COUNTY||Watauga|
|Elementary School||Hardin Park|
|AIR||3+ Units, Electric, Heat Pump, Wall/Window Unit(s)|
|AREA||1-Boone, Brushy Fork, New River|
|HEAT||Electric, Heat Pump, Space Heater, Wall Furnace|
|INTERIOR||High Speed Internet|
TOTAL MONTHLY PAYMENT
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