229 Lewis St
$3,900,000
15
Beds
10
Baths
12,500
Sqft
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$3,900,000
15
Beds
10
Baths
12,500
Living Area
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Property Description
~~~~~7% Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first level. (Five) 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase. Laundry mat's business asset comes with the sale for free.
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Highlights
- Parking Spots: 2
- Property Type: 5-9 Family
- Year Built: 2010
- Property Class: Residential Income
- Total Rooms: 25
- Status: Active
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Additional Details
- Foundation: Concrete Perimeter
- Total Number of Units: 10
- Year Built Source: Public Records
- Lot Features: Corner Lot
- Year Built Details: Actual, Approximate
- Zoning: Bd
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Amenities
- Community Features: Shopping
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,704,300
- Taxes: $17,946
- Tax Year: 2024
- Total Rent: $24,840
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Listing information provided courtesy of East West Real Estate, LLC.
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