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Listed by Ray Ault of Ault Commercial Realty, Inc.
INCOME PROPERTY priced at an 8.0% Cap Rate: This prime first floor Office Condo is leased through 10/31/2024, at rent ranging from $849 to $927/mo., Modified Gross, (tenant pays electric, wifi and interior cleaning only, over and above Base Rent). It consists of 3 rooms, including large reception/secretarial office, conference room with separate exit door, and attractive private office with hardwood floor & brick fireplace, and exterior exit to rear deck. Total Unit is 570 sq. ft. Access to additional parking in rear of bldg via rear deck. Open your windows to the sound of a babbling brook out back. Property not affected by Irene Tropical Storm in 2011. New architectural shingled roof in 2015. Unit has a 12.49% interest in Condo Owner's Association, and 2019 Condo Fees are $852.44 Quarterly. Taxes thru June 2020 are $1,050/yr, pd in 3 installments. Tenant has 15-day Right of First Refusal to buy upon terms offered by a 3rd party, acceptable to Owner.

Property Details of 734-D Route 4 East

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