5257 Highway 10

Description

Fully leased two unit commercial investment property in the heart of New Germany with strong cash flow and long term stability. The main floor is occupied by 2 Papas Pizza, leasing the space for $1,700 per month plus utilities with a secure lease in place until July 2029. The upper level consists of a renovated three bedroom, one bath apartment generating $1,800 per month plus utilities on a fixed term lease expiring August, 2026. The unit features an open concept kitchen and living area, large vinyl windows providing excellent natural light, and a main floor mudroom with laundry. Recent upgrades include new drywall, flooring, and a newer heat pump, with an additional energy efficient ducted heat pump available and ready to be connected. Major building improvements include new electrical panels and wiring, a metal roof, electric on demand water heater, hot water tank, and water softener systems. Located just 20 minutes from Bridgewater, this highly profitable property offers reliable income with minimal deferred maintenance. (id:56844)

Listing

MLS® number

202600672

Status

Active

Days On Market

291

Building

Above grade

2,660 sq ft

Exterior

Concrete Walls

Interior

Flooring

Other

Heating

Heat Pump, Baseboard heaters, Electric

Cooling

Heat Pump

Land

Lot size

0.17 acres

Parking

Type

Paved Yard, Gravel

Utilities

Water

Drilled Well

Business

Business type

Restaurant, Residential

Fees and taxes

Common interest

Freehold

Parcel number

60257391

Directions

Highway 10 to New Germany around square to civic.