Description
Attention investors! this remarkable 1.1-acre commercial/residential property presents an exceptional opportunity for success. strategically located on the bustling route 13, just north of smyrna, this property's prime location is the key to unlocking its full potential.
at the heart of this property is a charming 900-square-foot home boasting three bedrooms, one bath, and a full basement but definitely needs some tlc. currently rented on a month-to-month basis for $1,500 per month, this cozy residence offers a comfortable living space and a reliable source of income.
complementing the residential unit is a spacious 680-square-foot garage equipped with an office and a bathroom, ideal for a dealership, automotive garage, lawn service.. lots of possibilities! the garage, featuring its own address, separate electric supply, and well, stands as a separate entity from the main house. it is currently leased for $1,800 per month with a five-year agreement with 20% yearly increase. this rental agreement guarantees a steady and increasing revenue stream for the next several years.
the income-generating potential of this property is truly remarkable. both the home and the garage can be rented out individually, maximizing your return on investment. alternatively, you have the option to occupy one unit and lease the other, allowing for convenient on-site management.
situated on a large lot, this property offers excellent visibility and exposure for advertising products or services, thanks to the constant flow of traffic passing by on route 13. the abundance of space also presents an exciting opportunity to expand the property by adding additional buildings or structures, further enhancing its income-generating potential.
this highly sought-after property is expected to attract significant interest from savvy investors. act swiftly, as it won't remain on the market for long. with a reliable tenant already in place, kindly note that 24-hour notice is required for showings, without exceptions.
don't miss out on this lucrative opportunity. with a current rental income of $3,300 per month and endless possibilities for expansion and profitability, this property is an ideal investment for those seeking a small business venture. contact us today to secure your future success!
Property Type
ResidentialSubdivision
None AvailableCounty
NEW CASTLEStyle
BungalowAD ID
44169706
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
- Master Bedroom Level: 3
Bathroom Information
- Total Baths: 1
- Full Baths: 1
Laundry Source
- Laundry Type : Basement
Water/Sewer
- Water Source : Well
Interior Features
- Basement Description: Unfinished
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Hot Water,Space Heater
- Cooling Fuel: Electric
- Heating Fuel: None
-
Exterior Features
Building Information
- Year Built: 1945
- Structure: Detached
- New Construction: No
- Built: 1945
- Construction Material: Concrete
- Foundation/Basement: Concrete Perimeter
- Architecture: Bungalow
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: On Site Septic
Water
- Water Heat: 60+ Gallon Tank,Electric
-
Property / Lot Details
Lot Information
- Lot Size: 47,916
- Dimensions: 200.00 x 240.00
- Lot Size (Acres): 1.10
- Architectural Style: Bungalow
- Main Square Feet: 47,916
Property Information
- SQ ft: 900
- SQ ft (Living Area): 900
- Total Lot SQ ft: 47,916
- Subdivision: NONE AVAILABLE
- Financing: Cash
- Appx. Lot Dimensions: 200.00 x 240.00
- Total Acreage: 1.10
- New Construction: No
- Type: Bungalow
-
Listing Information
Listing Information
- Possession: 0-30 Days CD,31-60 Days CD
- Days Of Market: 268
Lease Information
- Lease Considered: No
-
Taxes / Assessments
Tax Information
- Annual Tax: $1,021
- Tax Year: 2022
- Total Taxes Payment Frequency: Annually
Possession
- 0-30 Days CD,31-60 Days CD
Assessment Information
- Taxes Assessment Amount: $39,500
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: Driveway,Parking Lot
Multi-Unit Information
- Acceptable Financing: Cash
- Road Frontage Length: 200
Homeowners Association Information
- Direction: Right on 13.
-
School, Utilities & Location Details
School Information
- School District: SMYRNA
Utility Information
- Water Source: Well
- Sewer: On Site Septic
- Cooling Fuel: Electric
- Heating Fuel: None
- Hot Water: 60+ Gallon Tank,Electric
Location Information
- Direction: Right on 13.
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BuyOwner last updated this listing 04/27/2024 @ 05:31
- MLS: DENC2044076
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Offer of compensation is made only to participants of the MLS where the listing is filed.
is a Home, with 3 bedrooms which is for sale, it has 900 sqft, 47,916 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of SMYRNA , in zip code 19977, this KENT County Home , it is in the NONE AVAILABLE Subdivision, and are nearby neighborhoods.