Shattuck Apartments

Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up.  NOI: $115,860  Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5%

Residential 8 Units – 100% occupied with stable income.

Warehouse 8,000 SF – 100% occupied. Below-market rents.

Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity.

Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC.

Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential:  Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential.

High cash-flow asset with immediate income and strong upside. Priced for fast sale.