Property Type: Mixed Use
Description: Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3, 675 as of June 2022). Heady Teddy pays $3, 150 per month. Tenants on second floor pay $2, 980 x 2 apartments for $5, 960 per month. Building total rent is $12.785 per month or $153, 420 per year. On numbers presented herein, would yield $2.156M at 7 cap rate.
NUMBER OF UNITS: 4
ELEMENTARY SCHOOL: Duzine K-2
WATER: T Pay
LOT DIMENSIONS: 41x110x51xvaries