CRAZY LOW PRICE!! Versatile property with versatile uses. Owner occupy or rental investment. Office building, large fenced yard, and employee housing OR two separate office buildings OR office building with corporate apartment & fenced yard OR multi-unit temp housing. Both buildings have been renovated, remodeled, updated, re-purposed with 8 ft metal security fencing and electric security gate. The use is up to you, but the property is RIGHT HERE.
Zoned: Light Industrial. Security Fenced (8 ft metal fence with concrete foundation and metal framing) with electronic security gate. Two separate electric meters; one water meter. City water/sewer, and fully electric.
Two separate buildings: total square footage- 1,995 SF
1.) Office building with multiple offices, temporary housing options, open area, kitchen, two baths, shower room, laundry- 1,628 SF 2.) Small office building/ guest house-apartment with kitchenette and bath- 367 SF.
Currently the property is being utilized as an owner occupied office building, corporate apartment, and fenced yard.
REALISTIC Rental Projections: Main Building and yard- $3,000/mo. is very possible; $2,000 low end. Guest House- $1,000/mo. is very possible; $500 low end. Total lease potential: $4,000/month. Just calculate the capitalization rate... ! This property can be a Gross Lease or Triple Net.
Located at the SE corner of Dallas Street and Washington Avenue- fronts on Washington Avenue.
