Great investment opportunity in the heart of the Carthage business district. This 8 unit mixed use commercial/residential building is combined with the attached 272 State Street, 10 unit mixed use commercial/residential building next door (MLS #S1622915; Tax Map #226001-086-041-0004-024-000. The Tax Map number and MLS number for each property should be included on any Purchase Offer or Letter of Intent.
The 2 properties are comprised of a total of 14 units, 10 residential and 4 commercial. The commercial units are H&R Block, The Morning Ritual, Cellular Phone Outlet, and Hawk Self Storage. Hawk Self Storage has 6 storage units which provide the rent for that commercial space. The 10 apartments on the upper 2 floors include (3) 1-bedroom, (4) 2-bedroom, (2) 3-bedroom, and (1) 4-bedroom. The properties are 100% occupied resulting in total gross rents of $149,613. There is also a coin-operated laundry available for the tenants in 272 State Street, resulting in additional income. Tenants are responsible for electric, water, heat, and trash are included. Tenant parking is provided. Additionally, a two-stall garage is available which may be rented to tenants. There is also a 2-story storage building on the property. Significant repairs and upgrades have been made in recent years which reduce maintenance expenses in the near future. There is excellent potential for significant cash flow and return on investment.
These properties are also being sold as a part of the Jefferson County Portfolio:
JEFFERSON COUNTY INVESTMENT PORTFOLIO
This portfolio includes the following properties:
– 266-268 State Street (MLS#: S1622918)
– 272 State Street (MLS#: S1622915)
– 32451 Co. Rt. 179 (MLS#: S1621333)
– 100 Main Street (MLS#: S1622905)
– 15243 County Route 11 (MLS#: S1622909)
– 503 West Street (MLS#: S1622912)
THE MLS AND TAX MAP NUMBERS MUST BE INCLUDED ON ALL PURCHASE OFFERS
