Upper Lawrenceville Positive Cash Flow Opportunity Awaits on Butler St! Located between 52nd & McCandless Ave, this mixed-use Commercial/Multi-family property has been renovated with all units currently leased. Providing immediate income to the new owner, the property features a Retail Storefront, Two-Story Unit above and Single-Family Unit in back on Dresden Ave. Retail space is in year 3 of 7 with built in rent escalations currently at $2200 per month. The 2 Bedroom/2 Bath walk-up unit above and the 2 Bedroom/2 Bath single-family home rent for $2000 & $1400 respectively. Tenants pay gas and electric, owner keeps water and sewage in his name and charges one month in arrears. Generating a cap rate near 6%, this is a viable addition to any portfolio with easy access in and around the city.
Courtesy of: COLDWELL BANKER REALTY Information provided here is deemed reliable but is not guaranteed and should be verified independently. The data relating to real estate for sale on this website comes from the Internet Data Exchange program of West Penn Multi-List. Updated: 22nd May, 2022 2:43 PM (UTC)