Great opportunity to own a strip-mall fully rented bringing monthly income in excess of $ 3,000 with potential to expand on next lot sitting vacant and included in the sales price Centrally located on the corner of Mathewson Ave and E Central Ave sturdy brick building fully rented with five tenants (1425 E Central - restaurant, 1423 E Central - liquor shop, 1421 E Central - beauty salon, 1419 E Central - storage and 14191/2 - smoke shop). Monthly gross rental income is $ 3,216.00 modified gross with the prorated rent from the billboard. Lots of improvements like new flat roof in 2020 with 25-year warranty and updated electrical in 2010. As a result of a fire on adjacent building (now demolished) 1419 and 1421 were totally renovated and the sales price includes the now vacant lot.
Utilities Available Gas, Electric, City Water, City Sewer, Separate Meters
Flood Insurance Unknown
Parking Parking to 10, Parking to 25
Road Frontage City Arterial
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* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
