120 N Main St 1,200 SF 100% Leased Office Building Englewood, OH 45322 $225,000 ($187.50/SF) 10.03% Cap Rate

Landlord AND Tenant Improvements Galore! EASY Investment Opportunity
Overview
This outstanding investment opportunity features two well-maintained buildings available for purchase at a single competitive price. Both properties are currently occupied by reliable tenants who have taken excellent care of the premises.
Recent Landlord Improvements
The landlord has made several noteworthy enhancements to the front building to maintain its quality and appeal. The front apron and steps were recently replaced, providing a refreshed exterior and improved accessibility. In addition, a brand new hot water tank and duct system have been installed in the front building, ensuring reliable and efficient utilities for tenants. The landlord has also taken care to trim all trees on the property grounds as part of general and routine fall maintenance, further contributing to the property's well-kept appearance and safety.
Recent Tenant Improvements
Each building has undergone significant upgrades by the tenants, including fresh paint, new carpeting, updated signage, and modern fixtures. These improvements ensure the buildings are attractive, functional, and ready for continued occupancy.
Financial Highlights
• Gross Rental Income: $26,592
• Net Operating Income (NOI): $22,577
• Low and Manageable Expenses: Operating costs are minimal and easy to oversee.
• Rent Escalation: Recent rent increases are in place, with further annual escalations expected.
Key Advantages
• Prime location offering strong appeal to tenants and investors.
• Great price for two upgraded buildings.
• Exceptional tenants already in place, ensuring stability and ease of management.