Properties

Description

Just reduced. Cap rate is over 8.5%. All units are rented. Current rent roll is is approximately $12k per month. This property includes 2 residential units each consisting of 3 bdrm/1 bathroom apartments. An operating hair salon, smoke shop, biker's club, and a construction contractor's office. Enjoy the revenues with little or nor work as almost everything has been renovated. New HVAC system, new roof, boiler. Each unit as separate utilities. 3 units have brand new Central A/C. A dedicated 5 car parking lot is in the rear of the building. On-street parking is also available. The roof was replaced in 2021, so less than 3 years old. All retail/residential units were all renovated recently and so this is as turnkey as they come. Lots of storage in this building as there are several basements. The construction contractor's office is owned by the seller, so they can move if you would like to occupy this retail space or they can sign a lease agreement. Yearly gross income - $136k, Expenses - $42k, Net operating income = 94k

Features

  • Heating System : 4+ Units
  • Cooling System : 3 Units
  • Basement : Full, Walkout, Bilco-style Door
  • Roof Deck : Flat
  • Furnished : Tile, Wood
  • Tax Assessed Valuation: 170000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: REALTY ONE GROUP CENTRAL
  • Office MLS ID: 5407
  • Agent ID: 297278
  • Tax: 14698
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$1,099,998

1101 E 2Nd St, Plainfield City, *

  • SQFT 125 Acre
  • Built Year 1935

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5270258
  • Price: $1,099,998
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1935
  • Year Built Description: Renovated
  • Lot Area: 125 Acre
  • Status: Active
  • Days On Market: 60

Contact Agent

Map

Address Map

  • Country US
  • County Union
  • City Plainfield City
  • Zipcode *
  • Street: E 2Nd St
  • Street Number: 1101
  • Street Direction: Jonston to E 2nd St
  • Floor Number: 0
  • Longitude: W75° 35' 25.1''
  • Latitude: N40° 37' 59.2''
  • Internet Display Address: No
Property