Attention Investors! This remarkable 1.1-acre commercial/residential property presents an exceptional opportunity for success. Strategically located on the bustling Route 13, just north of Smyrna, this property's prime location is the key to unlocking its full potential.
At the heart of this property is a charming 900-square-foot home boasting three bedrooms, one bath, and a full basement but definitely needs some TLC. Currently rented on a month-to-month basis for $1,500 per month, this cozy residence offers a comfortable living space and a reliable source of income.
Complementing the residential unit is a spacious 680-square-foot garage equipped with an office and a bathroom, ideal for a dealership, automotive garage, lawn service.. lots of possibilities! The garage, featuring its own address, separate electric supply, and well, stands as a separate entity from the main house. It is currently leased for $1,800 per month with a five-year agreement with 20% yearly increase. This rental agreement guarantees a steady and increasing revenue stream for the next several years.
The income-generating potential of this property is truly remarkable. Both the home and the garage can be rented out individually, maximizing your return on investment. Alternatively, you have the option to occupy one unit and lease the other, allowing for convenient on-site management.
Situated on a large lot, this property offers excellent visibility and exposure for advertising products or services, thanks to the constant flow of traffic passing by on Route 13. The abundance of space also presents an exciting opportunity to expand the property by adding additional buildings or structures, further enhancing its income-generating potential.
This highly sought-after property is expected to attract significant interest from savvy investors. Act swiftly, as it won't remain on the market for long. With a reliable tenant already in place, kindly note that 24-hour notice is required for showings, without exceptions.
Don't miss out on this lucrative opportunity. With a current rental income of $3,300 per month and endless possibilities for expansion and profitability, this property is an ideal investment for those seeking a small business venture. Contact us today to secure your future success!
