2968 Middletown Road
$4,200,000, 5,833 Sqft
About This Property
Building has 4 tenants, one being the US Post Office. For PO, owner pays water and tax increases. Other 3 tenants pay own water and 25% of tax increases. All tenants responsible for own gas and snow plow expenses. Owner pays property insurance ($8,000/yr). Rents: Tenant 1 (PO) $6,900 mo (1 yr left of 20 yr lease w/10 yr option) (increase of $700 every 5 yrs) Tenant 2 $3,900 mo (lease exp 6/30/25, 5 yr option) Tenant 3 $4,100 mo ($100 yearly increases) (lease exp 2/28/26, 5 yr option) Tenant 4 $3,700 mo (lease exp 3/31/22, 5 yr option) Annual income: $223,200 Annual expenses (tax, insurance, maintenance): $45,330 NOI: $177,860
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Listing information last updated on July 16th, 2019 at 8:58am CDT.