Multi-tenant mixed used investment property with 8 retail rental units and 12 one-bedroom apartments, located at the corner of Farnsworth and Indian Trail. High traffic intersection. Taxes are $38,000/yr, Maintenance & other expenses $12,000/yr; Total Expenses are $50,000/yr. Rent is $21,400/Month $256,800/yr. Net Annual income is $206,800. Cap Rate is 8.25%. Busy southeast corner of Indian Trail and Farnsworth, strategically located next to McDonalds and across the street from Walgreens. N. Farnsworth sees 28,800 vehicles per day, and E. Indian Trail sees 14,400.
Infiniti Properties, Inc..
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Listing information last updated on July 7th, 2020 at 4:30am CDT.