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575 East Ave
For Sale $349,900
$349,900
- 4 Units
- Unknown Sq Ft
- 9,148 Sq Ft
- Unknown Cap Rate
Description
*PRICE REDUCTION* Presenting 575 East Avenue, a prime 4-unit retail building located on a prominent corner at the intersection of East Avenue and El Paso Way. This property boasts excellent visibility and high-traffic exposure, making it an ideal investment opportunity for those looking to establish a presence in a bustling commercial area. This key location attracts a diverse customer base and offers tenants access to a steady stream of potential customers from its high visibility location, the adjacent walkable neighborhood, and even public transit stops located across El Paso Way. Recently remodeled and currently undergoing interior improvements, this building offers a blend of modern updates and strong potential for income growth. Two of the four units are currently occupied at recently increased rents, providing immediate cash flow. The remaining two units are vacant and actively listed at market rents, offering an opportunity to further increase the property's income potential.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $349,900 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 7 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 007080062000 |
| MLS # | SN24192787 |
| Property ID | 320855372 |
| Lot Sqft | 9,148 |
| Zoning | OR |
| Total Units | 4 |
| Days on Market | 73 |
| Original List Price | $375,000 |
| Date Updated | November 09, 2024 |
| Date Created | September 16, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Austin Barron an agent of . Lic #02082721
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 09, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT