Opportunity to purchase a 2,500 square foot commercial building located in University City that is walking distance to The Loop. This building has two storefronts each with their own basements. There is a large parking lot attached to the building that has 20+ parking spots. The roof is approximately 2-3 years old, the building features solar panels which were installed at the same time as the roof which powers the electric to the building, the electric bill is only $25 a month. One tenant pays $1,100 a month and is month to month and the other tenant is paying $850 and is on a 3 year lease. Annual income for the building is $23,400 a year, owner paid monthly expenses total $5,676 a year for a net income of $17,724 which is a 10.1 % cap rate.
Paying buyers agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.