$929,900 • living size area 3907 sqft

East seminole heights mixed use opportunity! 6 sources of income consisting of: a quad apartment building / a restaurant / a large billboard / & small storage building. this perfectly located multi-use property is right in the thick of all of the revitalization of homes, new construction, and restaurant concepts. the property is composed of: 4 unit quadplex (fully rented) a 2/1 (740 sf.), b 1/1 (400 sf.), c 1/1 (560 sf.), d 1/1 (560 sf.), a separate garage / workshop adjacent to apartments (currently a part of restaurant lease); a free-standing restaurant property (currently rented mexican restaurant) with transferable 2cop liquor license, 1 mono-pole billboard currently on a land lease. the entire property is ci zoned so most uses are welcome on the property. gross income is $95,903.40 with a net operating income of $74,445 ... roughly an 8 cap. all apartment units have been renovated and are leased. 4 years remain on the restaurant lease with tenant having an additional 5 year option thereafter with annual increases. other recent capital improvements to the property are: a brand new waterline and meter to the apartment building, new roof on apartment building, and new perimeter fencing installed. no owner financing is being offered.

Multi Family - PRESTONS SUB for Sale

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