@@@ INCOME POTENTIAL ONCE FULLY RENTED IS $112,400/ year @@@

[Albert Azimov]

For SALE mixed commercial building Income potential once fully rented is $112,400/ year

ASKING $35 000

24,500 Sq ft on about 0.78 acres- Huge Potential – a small section is already rented out and producing a gross yearly income of $9,600. This is a unique opportunity for the savvy business owner, developer or investor to control a high income property for a discounted price.

11 retail units on the main street, offices and 1 apartment on upper floor and parking at the back.

2 retails units are currently rented out, producing an income of $975/ month

Needs rehab to get ready for renting out. Some units need little work like cleaning and painting, some repairs and new windows while others need a full rehab.

Start getting a contentious cash flow from the units that need little work while renovating the other units. Most store fronts need little or no work to rent out.

The building have a total of about 25,400 square feet, the upper floor has about 10,000 sq ft of offices and 1 apartment. The offices can be converted into apartments (subject to City approval)

Location:

Dayton Ohio, which is about 45 minutes North of Cincinnati, is the birthplace of Aviation, and was once home to powered flight Inventors Wilbur and Orville Wright.

Today the city offers many great attractions and historical sites, fantastic arts venues, a thriving Downtown, beautiful parks, a variety of sporting sites and fabulous shopping and dining.

The property is 5-7 minutes to the center of Dayton and all amenities; it has a long frontage on Main St, one of the mains gateways into Downtown Dayton which is only about 2 miles away from the property, making this location very convenient to anyone who works in Downtown Dayton

The property will benefit from the Greater Downtown Dayton plan. Greater Downtown remains a major employment centers for the Dayton region with 42,000 employees, 20,000 residents and 40,000 students. It has 7 million annual visitors to its major destinations and an annual economic impact of $5 billion.

Great income potential: Gross Income potential once fully rented is $112,400/ year

11 stores: Average $500 per store with a large store to be rented for $750

Total rent from the retail units: $5750/ month ($69,000/ year)

1 apartment: $700/ month ( $8,400/ year)

10,000 sq ft at $3.5/sq ft/ year to make it attractive $2,917/month ($40,000 / year)

Total gross potential income: $9,367/ month ( $112,400)

Real Estate Taxes:

Montgomery County : Current yearly real estate tax is about $11k as follows:

R72 07101 0005: $5846 / year, R72 07101 0008: $5283 / year

SOLD with buyer assuming and is responsible for real estate taxes, liens and encumbrances (if any)