Royal Garden has 50 leasable pads with 41 current tenants. There is very little maintenance with low operating expenses. It is very feasible this location can be developed into a residential apartment building, or commercial project. The actual NOI is $240,000 annually which provides an investor a strong cap rate of 9% at the full asking price of $2,999,000. Please do not disturb any of the current tenants, all showings must be done by discrete drive by only. See attached package for full info.
West of 441 on Johnson Street
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