CARTHAGE INVESTMENT PORTFOLIO
This 3-property portfolio in Carthage includes the 2 connected mixed use buildings in the central business district at 266-268 and 273 State Street and an additional 4-family house at 503 West Street in Carthage. The mixed use buildings are comprised of 4 commercial spaces on the ground level and 10 apartments on the upper 2 floors. The properties are currently 100% occupied and generating excellent cash flow.
The 4-family house is currently vacant and demo has been started. The interior has been brought down to the studs and is ready for a new owner’s imagination and renovation. Projected rents for this property after renovation are $3,500-4,000/month. A limited rental market provides an excellent opportunity for the new owner to continue to generate significant cash flow from all 3 properties.
The mixed use buildings and the additional property are also being offered as separate listings. The mixed use buildings at 266-268 and 272 State Street are being offered together, as they are connected, and 503 West Street is being offered as a separate listing. The separate listings for these properties contain additional information.
The properties included in this package include:
– 266-268 State Street (MLS#: S1622918)
– 272 State Street (MLS#: S1622915)
– 503 West Street (MLS#: S1622912)
