Description
Multi use building available in downtown Townsend. Owner has permits and plans approved by the town for (2) 1 bedroom apartments and (4) 2 bedroom apartments on the 2nd and 3rd floors. 1st floor and lower level is currently commercially leased with a counseling center, flooring company, law firm and a medical office all have separate utilities. 34 parking spaces, elevator in the building, sprinkler system for the building, close to shopping and restaurants. Current commercial leases $41,000 annually and potential rental leases based on the market is $96,000. CAP rate after the build out will be 10%.
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0BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Multi use building available in downtown Townsend. Owner has permits and plans approved by the town for (2) 1 bedroom apartments and (4) 2 bedroom apartments on the 2nd and 3rd floors. 1st floor and lower level is currently commercially leased with a counseling center, flooring company, law firm and a medical office all have separate utilities. 34 parking spaces, elevator in the building, sprinkler system for the building, close to shopping and restaurants. Current commercial leases $41,000 annually and potential rental leases based on the market is $96,000. CAP rate after the build out will be 10%.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-03T00:08:35.23.