Are you seeking an investment that consistently generates returns? This is a perfect opportunity to own prime real estate with tenants already in place! Where else could you invest $795,000 and earn a monthly return of $5,572? The property is currently occupied by solid long-term tenants, and a rent increase is expected within the next 4 to 9 months extending leases to 2028 and 2030. This all-brick building requires minimal maintenance. The owner is responsible for certain expenses, including utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. SHOWN BY APPOINTMENT ONLY! NO DRIVE BY! 1404 Front Street 2547 square foot & 1406 Front Street 1045 square foot.
MLS # | 10102082 |
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Listing Type | For Lease |
Style | Commercial |
Status | Active |
Year | 2001 |
Days On Site | 9 |
Listing Provided By | CENTURY 21 The Knowles Team | Teresa Knowles |
SQ Feet | 3,832 |
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Story(s) | 1 |
Building(s) | 1 |
Zoning | OI/RD |
Acreage | 0.74 |
Property | 2589 |
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State | NC |
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County | Rockingham |
City | Reidsville |
Zip Code | 27320 |
Area | Rockingham |
Listing VS Median (in 27320) | |
Price: $795,000 low | high Med: $279,900 SqFt: 3,832 low | high Med: 1,651 $ / SqFt: $207 low | high Med: $170 On site: 9 low | high Med: 26.000000 |