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Priced below $575,000 appraised value (Per Commercial Narrative Appraisal Report, dated June 14, 2004).Wonderful Historic Downtown Property.Circa 1906 -Lindemann House Commercial & Residential Multi-Family Mixed-Use, with C2-E Zoning.Currently leased to 5 tenants: 4 Residential Apartments and 1 Commercial Hair Salon.Projected Leases are #1-$850, #2-$750, #3-$800, #4-$800, and #5-$700/month, with total gross monthly projected at $3,900.Landlord is currently paying water, sewer, trash and gas for all units.Landlord pays electric for all units and is reimbursed for electric by tenants in units #1, #3, and #5.Leases provide that new Landlord/Owner has the right to cancel existing leases after 90 days from purchase date...See More
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