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FABULOUS PROPERTY ON RICHMOND ROW. ANCHOR TENANT ON MAIN LEVEL IS BURRITO BOYZ. 4 LUXURY APARTMENTS WITH 11 BEDROOMS IN TOTAL. HIGH END LUXURY FINISHES. ASSUMABLE MORTGAGE OF $1,248,000, @ 3.99% TILL NOVEMBER 2025. LOCATED JUST STEPS OFF RICHMOND, WEST ON CENTRAL WITH LOTS OF PARKING IN THE BACK. RARE OPPORTUNITY TO OWN A LUXURY BUILDING IN THE HEART OF RICHMOND ROW. GROSS INCOME OVER $160.000 A YEAR. BURRITO BOYZ HAVE SIGNED A NEW FIVE YEAR LEASE WITH A FURTHER FIVE YEAR OPTION. LAMINATE FLOORS. CERAMIC, QUARTZ COUNTERTOPS. ALL STAINLESS STEEL APPLIANCES. 4 BEDROOM UNITS HAVE 2 FULL BATHS. CONTROLLED ENTRY. RENTAL INFORMATION AND EXPENSES IN DOCUMENT.BURRITO BOYZ CURRENT RENT $3,245 A MONTH=$38,940/YEAR. JUNE 1,2023 INCREASES TO $3,595/MONTH=$43,140/YEAR. JUNE 1,2028 INCREASES $3.975./MONTH=$47.700/YEAR PLUS THEY PAY THEIR SHARE OF PROPERTY TAXES. WITH $400,000 DOWN, SELLER WILL DO A ONE YEAR VTB @ 3.9% INTEREST ONLY FOR THE BALANCE BETWEEN THE FIRST MORTGAGE AND THE PURCHASE PRICE. VENDOR IS RETIRING. (id:24093)
Listed by EDWARD J P MILANI of SUTTON GROUP - SELECT REALTY INC.,BROKERAGE

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"Based on information submitted to CREA as of May 23, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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