This property has 4 possibly 5 units . The salon is rented for $825/month, apartment is $1000/month, office space is $1150/month. The 2 stores are vacant and offered for $1400 per month each or $2500 per month for both stores. There is potential for another rental unit on the second floor of the office building. Landlord provides lawn maintenance and snow removal. Tenants pay all utilities. With the retail space rented as one unit, the rate of return is 7.5% plus an additional income for the second floor of the office building, which requires finishing. The other possibility is to operate your business using one or both of the retail spaces and have rental income from the rest.
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