Catylist ID: #30036195
Small Investment Property For Sale
Retail-Commercial for Sale
|Catylist Listing ID:||30036195|
|Property Subtypes:||Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Vehicle Related, Other|
|Building Size (RSF):||3,676 SF|
|Gross Land Area:||0.92 Acres|
|Unit Price:||$40.78 PSF|
|Property Use Type:||Investment|
|Usable Size (USF):||3,676 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||90|
Overview / Comments
This property consists of two parcels.
This property consist of three buildings all which generate rental income. The front building has 5 suites,3 of which are occupied. Two of the vacant units are un-leasable without some investment.
The second building sits behind the front building and is currently a car mechanic shop.
The third building is a 2 bedroom and 2 bath single family home.
Rental Income is as follows:
Suite 1: Vacant Office $250/month
Suite 2: Studio Apts $500/month
Suite 3: 1BR/1BA Apt $300/month
Suite 4: Vacant Studio Apt $150/month
Suite 5: Back Storage: $300/month
Mechanic Shop: $125/month
Single Family Home
2BR/2 BA: $400
Current monthly income is $1,875 or annually $22,500. The gross potential income is $2,275/month or $27,300/annually.
The current leases are month-to-month though the tenants have been there for a considerable time. This property needs more attention and more management. This would be an excellent property for a do-it-yourself type investor.
|Taxing Authority:||Catoosa County|
|Tax ID/APN:||0001E005 and 0001E006|
|Retail Clientele:||General, Family, Business|
|Property Located Between:||On Lakeview Dr near Lafayette Road|
|Largest Nearby Street:||Lakeview Dr (Hwy 27)|
|Feet of Frontage:||130|
|Highway Access:||Subject property is about 1.5 miles from Hwy 27(Lafayette Dr)|
|Site Description:||The site is level and at street grade. It includes 3 buildings.|
|Area Description:||The area has mix of commercial and residential uses.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||3,672 SF|
|Exterior Description:||The front building has a retail presence to it. The barrel building looks industrial. The house looks like a house.|
|Total Parking Spaces:||20|
|Parking Ratio:||5 (per 1000 SF)|
|Parking Description:||There is parking in the front. Then parking around the barrel building and in front of the house.|
|Heat Source:||Baseboard, Wall Units|
|Air Conditioning:||Package Unit|
|Legal Description:||Pt Lts 173 174 Lakeview Landlot: S 12 Landdist:9/4|
|Proximity:||1 mile||3 miles||5 miles|
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