53-unit, mixed-use (residential over retail), corner building comprised of +/-29,473 square feet. Centrally located on the southwest corner of Market and 6th Streets. The private units feature high ceilings and are comprised of a loft and a kitchenette with mini refrigerators. The bathrooms are shared (3 toilets on each floor and 2 shower stalls on the 2nd floor). Water and garbage are included in the rent. There is a washer & dryer on each floor for the convenience of the tenants. Combined, the 8-ground floor retail spaces measure approximately 10,305 square feet. There are 4 storage spaces on the property that contribute to the income of the asset. The Property is 92% leased with average in-place residential rents that are 20% below market, allowing investors the opportunity to increase net income as leases turn over.
This property was published in homes.com
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