Property Description

Excellent Investment Opportunity! Located at 2401 Martin Luther King Jr. Blvd., this multi-tenant commercial retail property features 8 retail units, offering immediate rental income and additional income potential. The property currently generates approximately $12, 350 in monthly rental income ($148, 200 annually). The vacant unit has a projected rental income of $2, 000 per month, bringing the total potential gross rental income to $14, 350 per month ($172, 200 annually). At the asking price of $1, 500, 000, the property offers an attractive investment opportunity with a * * current GRM of 10.12 and a potential GRM of 8.71 upon leasing the vacant unit * * . With established tenants, street frontage, and convenient access, this property presents an excellent opportunity for investors seeking an income-producing commercial asset with additional upside. Buyer to independently verify all rental income, lease terms, operating expenses, square footage, zoning, and permitted uses.