2952 Kensington Ave

Highlights:

• Days on Market: 6
• Heating: Baseboard - Hot Water

Description:

Great Investment opportunity with a 3 story 3 unit building zoned commercial mixed use CMX2.5
All units are occupied bringing in $3K each month and at this price a CAP RATE of approx 15%
The area is changing for the good and new construction is starting to pop up in the immediate area and soon most of the Av will be fully developed.
1st floor office/commercial space $1250 w/ 3 year lease
2nd Floor 2bed 1 bath $975 month to month
3rd Floor $815 on month to month
We require 48 hour notice for all showings.
Could also be sold as part of a package with the two properties below which are also on the MLS.
3074 Kensington Av has 2 units both occupied $199,700
3532 Kensington Av has 4 units all occupied $275K