2308 10 Cecil B Moore Ave

Highlights:

• Days on Market: 52
• Heating: Central

Description:

Building can be purchased separately. Seller retiring!!!! Excellent side-by-side investment opportunity. This mixed-use building includes four total units: a leased commercial space currently occupied by a restaurant (Fried Chicken and Halal Food) and three one-bedroom apartments. The remaining vacant unit is available for easy showing. Most residential units have been updated and are currently rented below market; with Central A/C added, each could potentially rent for $1,000+ per month. With low taxes, good insurance rate, and landlord responsibility limited to water, property tax, and insurance, low maintenance. The building offers strong cash flow potential. At full occupancy, the projected cap rate exceeds 10%. Rent roll available upon request. Sold as-is.