700 CHARING CROSS RD

Property Description

This is a very well-maintained and updated corner lot building! It has lots of charm and lots of natural light! It is zoned commercial and consists of 3 separate units: lower level has office space which is currently leased as a salon with full bath and (2) 2-bedroom one bath units on the main and second level. Total 2023 gross income $90,432.00. Former Airbnb's now have leases in place. Total 2022 gross income $76,515.00 which includes salon lease rent and two Airbnb's. Total 2022 expenses include Airbnb host fee, property tax, insurance, heating oil for all units, electric for two Airbnb units, water, and lawn service. Expenses 2022 total $12,514.96 for a NOI of $64,000.04 in 2022. Salon lease runs through March 31, 2025, for $1586.00. monthly. Current property manager is member of LLC and is willing to stay on to serve new buyer. Current salon lease can be provided. Appraised for 569k in spring 2023 based on 2022 financial numbers. Will appraise for significantly more when 2023 numbers are factored in.