Courtesy of: Aziz S. Qaud, Keller Williams Realty Greater, azizquad@aol.com
Courtesy of: Aziz S. Qaud, Keller Williams Realty Greater, azizquad@aol.com
$925,000
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Lot: 0.07 Acres
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Other
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$925,000
171 S Franklin Street This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above-a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3, 952 for the deli/grocery, $2, 060 for the two-bedroom, and $2, 700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975, 000, this property delivers a 7.5% cap rate with upside. Priced to sell-don't miss out!
Courtesy of: Aziz S. Qaud, Keller Williams Realty Greater, azizquad@aol.com
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