94 E Browning Rd
Listing Notes
Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $424,900 to $969,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 28 Smith Ln | $424,900 | 3 bd · 3 ba |
| 409 W Kings Hwy | $425,000 | 3 bd · 2 ba |
| 346 Albany Ave | $425,000 | 4 bd · 3 ba |
| 143 Apple Ave | $429,900 | 5 bd · 2 ba |
| 33 Railroad Ave | $439,900 | 3 bd · 2 ba |
| 21 S Oakland Ave | $439,900 | 3 bd · 3 ba |
| 1302 W High St | $440,000 | 4 bd · 1 ba |
| 427 Austin Ave | $445,000 | 3 bd · 2 ba |
| 200 Edgewood Ave | $459,000 | 3 bd · 2 ba |
| 12 George St | $459,900 | 4 bd · 4 ba |
| 937 Clements Bridge Rd | $460,000 | 4 bd · 2 ba |
| 1644 W High St | $475,000 | 3 bd · 2 ba |
| 1608 Cedar Ave | $499,000 | 3 bd · 2 ba |
| 411 Washington Ter | $525,000 | 4 bd · 3 ba |
| 115 W Gloucester Pike | $525,000 | 5 bd · 2 ba |
| 1123 Prospect Ridge Blvd | $550,000 | 3 bd · 2 ba |
| 612 W Graisbury Ave | $579,900 | 3 bd · 3 ba |
| 429 W Pine St | $619,900 | 3 bd · 2 ba |
| 1505 Chestnut Ave | $699,999 | 3 bd · 3 ba |
| 1504 Sycamore St | $725,000 | 3 bd · 3 ba |
| 37 10th Ave | $750,000 | 4 bd · 3 ba |
| 1833 W High St | $799,900 | 4 bd · 3 ba |
| 1132 Fulling Mill Ln | $920,000 | 4 bd · 3 ba |
| 1153 Fulling Mill Ln | $969,900 | 4 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more