This office building brings in $3,865/month with 6 separate spaces + a billboard that can be seen from the highway with 3 separate signs.
All of the units are on month to month leases so you can instantly raise the rents upon closing + the billboards are not currently used so you can start using this for additional income day 1 as well.
This building is perfect for an investor looking for passive cashflow or a business owner looking for a new office space where they can use the cashflow from the other units to operate rent/ mortgage free.
The expenses this past year were $16,483. If all 6 units were leased year round, the NOI would be $29,897 which would make this a current 7.94% cap rate.
If you are going south off of highway 55, get off at Vogel then turn left on the w Outer rd and this property is about a quarter mile down.
Continue straight down Vogel there is a Target, Schnuuks, Home Depot, numerous restaurants, Miller Crossing Apartments and numerous other attractions. Location: High Traffic, Hwy/Interstate Frntg