The building is constructed of cement blocks and brick with steel I beams supporting the wood frame roof and a rubber roof membrane. The garage doors are made of wood and operate but could use maintenance and paint. Driveway is newer blacktop. The owners utilize 3 garages. The remaining 6 are rented on a month to month basis to mostly long-term tenants at substantially less than market value. Great cash flow - Potential gross rental income based on a very modest $250 per month per garage would be $27000 annually less about $3000 for taxes, insurance and maintenance could easily net $24000 annually. Previous owner used the property to garage his antique auto collection. This unique property has great potential for all kinds of storage or other uses in addition to yielding great cash. Maybe even conversion possibilities?
Listing courtesy of Richard Mudarri from Richard Mudarri, Broker
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