Listing%20courtesy%20of%20Beal Real Estate
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CURRENT 6% CAP RATE. RECESSION PROOF LONG TERM CASH FLOW. NEWLY LEASED. 2 PARCELS. OPPORTUNITY ZONE. Pleased to announce one of the best stabilized cash flow properties on the market. The offering consists of a NEWLY LEASED mixed-use building anchored by a recession proof retail tenant. Property is complemented by a newly leased, fully renovated, 3 bedroom residential unit pumping in over $67k combined in Net Operating Income. Retail tenant has been in the monument / headstone industry for over 30 years with great credit and is on a brand new (7) year lease with (7) yr option including 3% annual increases. Located across the street from Mt Hope cemetery ensures sustainability over the long term. With everything being fully renovated, this property is packaged up perfectly to be a low maintenance, hassle free investment vehicle with above market cash flow. Perfect for 1031 or passive long term investor. property sits in an opportunity zone, allowing for amazing tax benefits for a long term investor.
||3893 Imperial Ave
- Beal Real Estate - Billy J. Sereda
Property Listed By Beal Real Estate
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