INVESTORS TAKE NOTICE--COMMERCIAL CONDO UNIT** Excellent opportunity to own this PRISTINE, free-standing office condominium currently under double net Lease Agreement with exemplary tenant. Lease Agreement runs to 2024 w/an option to renew for additional 5-year period. Current monthly rent is $3,220 & will increase to $3,264 on April 1, 2021 & then annually to $3,308 & then to $3,352 for the remaining term of the Lease. Current annual rental income is $38,640. Real estate taxes are currently $2,849 quarterly. Owner pays directly to tax collector and is reimbursed by Tenant. Owner pays quarterly condo fee of approx. $1,167, which includes common area expenses, water/sewer charges & trash removal. The building, the grounds, and the unit are in impeccable condition with many renovations/upgrades. Complete list of renovations/upgrades attached to MLS.
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