1740 N. Montana Ave

Highlights:

• Annual Tax: $ 11409.0
• Age: 41-50 Years Old
• Sewer: Public
• Lot Size: 1/2 - 1 Acre
• Cooling: Central A/C
• Water: City Water

Description:

Leased multi-tenant retail building on North Montana Avenue. The property is leased to five tenants on modified gross leases. $81,510 in annual gross rents, with below-market leases offering a clear path to $96,056 as leases roll to market rates. The multiple in-place tenants provide diversified cash flow and minimize the impact of any single vacancy. The lease terms range from month-to-month to three years. The property has 25+ asphalt parking spaces for the 8,900 square feet of building space. The building has low maintenance brick and metal siding, and little landscaping to take care of, keeping ownership obligations simple. Utilities are separately metered. Traffic count of 11,000 vehicles per day. Multiple tenant signage opportunities. Built in 1972 and well maintained.

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Listing ID: 7254f413-2c53-4382-8bf1-73d614ff372d