$399K for contract, Huge Commercial Building off North & Holton

[Rebecca Knox]

Contract for sale: $399000, buyer pays closing costs

Solid Building, near downtown w/ 5 units; 12, 460SF. New Facade, Roof, 4 new HVAC units, New electric upgrade w/ expandable breakers. Separate gas meters. Bldg is great for office warehouse, Daycare, contractor, medical or showroom. The buildings were built in 2 phases; North in 1949 and South in 1952, makes selling as 2 Office Building Condos quite practical. 1 water meter in each bldg.

Loading dock, Display window, 220 volt power, 440 volt power, Inside storage

Assessed value has increased 39% since 2013.

Currently rented out on long term leases however, there is still ample space remaining to rent out.

2014 NOI-actual $36,420

Last 12 months NOI-actual $35,563