16 Unit Office Building in the Opportunity Zone Area. Ideal for long term investors and 1031 Exchange. Current sellers have not raised rents for a long time and have included all utilities in the low price per sq ft. Property has potential to increase income with value add (remodeling and net leases to increase value). Most of current tenants have been long term. All leases are now month to month so will have few issues for new investor to modify lease. Price includes adjacent lot approx. 8000 sq ft (229-180-61-00). Total sq ft for both lots=almost 1 acre. Extra lot is currently used as additional parking- may be buildable but buyer to do own and full due diligence.
|--||New Value: $2,145,000|
|12/1/2018 2:18:00 PM|