Great investment opportunity! Mixed Use Property with 7 units - 4 residential, 3 commercial. Current NOI 136.5k with an upside to 172k. Commercial unit is leased to a daycare that just started a 7 year lease with option to continue. Residential Units are currently rented 25% under market rates and in good condition but with some capex new owner will be able to get premium rent. This property is a cash money maker with little maintenance. Tremendous upside 'by right' you can build approx. 10 more units on the property. Buyer must due his due diligence.
Courtesy of: Blue Key Realty, LLC Information Source: Monmouth Ocean Regional REALTORS®
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