110 Huntington Park Drive

Description

(Agents see private) Potential $60k rental income. This 4 unit commercial property offers incredible income potential, located directly off of HWY 85, and directly across from Fayetteville Pavillion. Commercial unit square footage upstairs ~4000 SF total, and the complex also offers, 15 storage units, ranging in three different sizes located on the bottom-back side. Commercial units are FULLY OCCUPIED, as the four units upstairs have been converted to two larger units. Two extremely long term tenants. Both sides also have an extra basement unit, that can be seperatley rented or used as storage. The units have a kitchen, while one has a shower. Roof ~5 years old, HWH ~5 years old, 3 of 4 units, ~3 years old. Septic was pumped ~ 2 years ago. Currently offered with a cap rate of ~7% with GROSSLY undervalued rental rates and only ~5 of the 15 storage units occupied. Rental rates are ~$1 per SF in surrounding area. Proforma cap rate ~10%. Land continues way beyond building and parking lot for opportunities of extended parking or more buildings. Property DOES NOT lie in Fayetteville city limits. You only have to answer to the county.