Courtesy of: Patrick Bartlett, Summers Cook & Company, bud@budsummers.net
Courtesy of: Patrick Bartlett, Summers Cook & Company, bud@budsummers.net
$395,000
|
Other
|
$395,000
121 Gilmer Rd Prime Investment Opportunity: Building with an Established Medical Professional tenant. Don't miss this exceptional opportunity to own a high-quality commercial property with a reliable tenant in high traffic location. This well-maintained building is currently leased to a reputable medical professional, ensuring a stable income stream. Rent for 2024 is $2, 800 / month. Rent for 2025 and 2026 is $3, 500 / month. Insurance is currently $2, 850 / yr and taxes are $5, 974.48 giving this a Cap Rate of 5.9% for 2024 and 7.9% for 2025 and 2026.
Courtesy of: Patrick Bartlett, Summers Cook & Company, bud@budsummers.net
Copyright © 2024 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.