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Village Mixed Use w/5 Apt.

Listing was updated on: 08/03/2019
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Property Overview

Price/Rent PSF $ 369,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 7,272
Date Available 08/03/2019
Additional URL Link
Floors 3
Additional parameters Show
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Description

Location
SItuated in downtown square of the Village of Avon - a Norman Rockwell type setting with local businesses serving the community. Close to large employer of Barilla Pasta , Kraft-Heinz, Gray Metal Products, Aldon Corp. Star Headlight Co. and B&B Precision Inc. Plus many of our tenants work in Henrietta (20 minutes away) and prefer the schools and affordability of Avon. Minutes to US 390. 9600 Cars daily. Great area demo's for strong market.

APARTMENT #1: One bedroom, Appliances under 10 years old, wood floors, newly tiled bathroom in 2017. Natural gas heat. RENT: $550 plus utilities.

APARTMENT #2: 2 bedrooms, commercial grade floor in kitchen and bathroom. New high wear carpeting in living room and bedrooms replaced in 2013. Entire apartment completely repainted in 2013. RENT: $650 plus utilities.

APARTMENT #3 2-bedroom with central air and natural gas heat. 2013 New carpeting in bedrooms and living rooms and flooring in bathroom. 2017 upgrades to heating ductwork.RENT: $675 plus utilities.

APARTMENT #4: Newly remodeled in 2008. Completely repainted in 2015. Blown in insulation in 2016 for sound proofing and extra insulation. RENT $575 plus utilities

APARTMENT #5: 3 bedrooms: Totally remodeled in 2013 which includes: New carpeting and flooring installed throughout also added 3 closets; Created a 3rd bedroom as a master bedroom with additional storage for tenant behind master bedroom; Also, created a landlord storage unit and workspace from unused apartment space at the front portion of the apartment (with potential to create tenant laundry area for additional income) New entryway provides for a common area for other tenants to access their electrical boxes in the utility room and a foyer for apt 5 tenant coats and boots. New interlocking flooring in large bathroom with double sink. Repaired non working natural gas furnace and upgraded natural gas furnace to provide heating ductwork to unheated rooms to bedrooms at the back of the apartment; Installed new central air conditioning to the apartment. This unit is 1400 sq ft and also provides washer dryer hookups. RENT: $1000 plus utilities.

Commercial space: Originally a bakery with kitchen in the back area and retail coffee shop in the front. 2013 New handicap bathroom, new Mitsubishi Electric Mr. Slim® Split Air-conditioner and Heat-pump Systems installed for the bakery to even off heat distribution and cool bakery area. 2016 Removal of old cast iron furnace and installation of new gas furnace to provide heat to customer area Rent: $650 plus utilities.

Sale
Total renovation makes this mixed use / 5 apartment building WITH COMMERCIAL SPACE ON GROUND LEVEL is a great investment in the village. 100% OCCUPANCY! All units have separate utilities including elec, gas and hot water. Active 1st floor retail provides great value to downtown village. Close to shops, bank, restaurants, and more. Cash flows over $13,000 including debt service. (Buyer should verify numbers). Financial disclosure and rent roll available upon proof of prequalification and Non-Disclosure execution. Please do not disturb tenants. 48 hour notice required to show.

All buyers must have pre-qualification prior to showing. Group showings are preferred. No correspondence will be allowed between buyer and seller nor tenants. Main Street Maintenance Declaration will be required to be signed by buyer to avoid repayment. NOTE: Owner had lead testing done as a result of village grant. Lead was remediated on the INTERIOR only. Some lead on the exterior that will not be addressed by seller.

Location

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