134 South Market St
$499,000, 6,440 Sqft .09 Acres
About This Property
8% ROI-$64,500 potential annual income ($49,500 in rent currently) in this renovated, waterview, downtown commercial building (upstairs & downstairs) located in the heart of Washington, NC's Historic District & just steps away from the Chamber of Commerce & the beautiful waterfront promenade. Total annual expenses $20,943- $4023 new flood insur rate, Wind/Hail $2200, property taxes $5,000, $9720 avg utilities/yr. Two retail spaces, 9 offices, kitchenette & bathrooms upstairs & downstairs. Plenty of free street side parking & free parking lot at rear of building. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. Broker owned. One electric & gas meter for downstairs & one set for upstairs....the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairowner & downstairs owner. Wind/Hail is $1100/yr & flood insurance is $1352/yr ($2000 deductible). These numbers represent the amount that each owner pays. Property taxes are $2476/yr. Real estate agent is a principal in the LLC that owns the property. Plenty of free street side parking and waterfront parking lot.
Water Access Comm, Water View Only, River View
Copyright 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.