314 Eastman Ave
- GREAT INVESTMENT! DOWNTOWN MIDLAND. 100% LEASED. 7.5 CAP RATE.
Property Description
NOW REDUCED!! $845,000!! 7.5% CAP RATE! PACKAGE OF (4) LEASED INVESTMENT PROPERTIES FOR SALE: (4) LEASED MULTIFAM/COMMERCIAL INVESTMENT PROPERTIES! CALL BROKER FOR ALL THE DETAILS AND FOR THE MARKETING BROCHURE. PLEASE DO NOT APPROACH TENANTS! There are (4) addresses for this package sale. All properties to be sold together- no separate sales! 314 Eastman- Zoning Office Service (office on street level- apartment upper level, 507 W. Buttles (RES Duplex but currently used as a single fam residence- Zoning Office Service), 501 W. Buttles (RES Duplex but currently used as single fam residence- Zoning Office Service), 421 W. Buttles (RES Duplex- used as Single fam home- Zoning Office Service). All are currently leased! Keep the revenue of the leases while you wait for redevelopment opportunities in Downtown Midland- Great location!! Highly visible Investment as you travel down M-20 (BUTTLES) to the downtown area where the Dow Diamond is located, East End, several offices, retail and multiple restaurants, including the ZINC CAFE and the H Hotel, upscale dining and accommodations which is just around the corner from this Investment. Note on the opposite end of the street where Buttles and Jerome meet there is a very popular gas station- see additional details for potential redevelopment of the downtown area. INVESTORS: CAP RATE IS 7.5% Great location! Well maintained! All are leased now, they all have been consistently leased through the many, many years the owners have had the properties. Upside potentials, Call Trademark Commercial at 989-792-6400 for additional details.. Thank you!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $845,000 |
| No. of Units: | 4 |
| Year Built: | 1906 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $211,250 |
| Property Website | Click Here |
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