For Sale Mixed use, value-add investment opportunity with 6 apartments and a commercial building, currently being used as a laundry facility. Six, large 3 bedroom, 2 bath units (averaging 1,030 SF being leased for $540-$585, totaling $3,415 gross monthly income. Well maintained building with spacious floor plans and long-term tenants. Quick Trip Laundry is currently on a 10-year triple net lease (expires 04/30/2027), with step up rental payments for years 4-10. Base rent for years 1-3 is $1,545 + estimated tax and insurance reimbursement of 24% of actual cost, equates to an effective gross monthly rent of approximately $1,830/month. Owner will sell either with triple net lease in place for 10 years or will include laundry business in total purchase price
| Price: | $469,500 |
| Address: | 500 S. Central |
| City: | Brwonsville |
| State: | Tx |
| ZIP: | 78521 |
| Year Built: | 1990 |
| Square Feet: | 8408 |
| Bedrooms: | 7 units |
