For Sale $2,300,000 - Commercial Properties

Detailed Information

 

Lot Size : 0.34 Acres / 14,778 sqft

Gross B/D Area : 6,059 sqft

Property Assessment Value : $1,420,200

Gross Rental Income : $84,192/yr (4 Tenants)

Property Tax : $23,946.08(2015) / Insurance : $2,800

 

* BD Profile

1st Floor : Convenience (2,500 sqft / $2,500 per month)

               Hair Shop (1,000 sqft / $1,516 per month)

               Store (1,000 sqft / $1,000 per month)

 

2nd Floor : 4 Bedroom, 2 Bath House

           (About 2,000 sqft / $2,000 per month)

 

* Future Potential

FSR : 1.5

Buildable Area : 22,167 sqft

     10,000 sqft of Commercial : $150,000/YR net income

                                            (10,000 sqft x $15/sqft)

                                            3.5% CAP = 4.3M

     12,000 sqft of multi-family : 15 units of 800 sqft

                                            15x$500,000 = 7.5M

     —————————————————————

                      Total Potential Market Price : 11.8 M

 

             B/D Cost : 22,000 sqft x $250/sqft = 5.5 M

                        Property Aquirement Cost = 2.3 M

               ————————————————–

                                         Projected Profit : 4 M           

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