Healthy Pets Investment

Investment Overview

This 6,750 SF 4-unit property, built in 1938, presents the perfect blend of historic charm and modern potential. The 2-story brick building, conveniently located at the iconic Avenues Corner of 3rd and K Street, offers a corner retail space occupying 2,700 SF on the main level, accompanied by 3 charming 1-bedroom apartments on the second floor. With below-market rents, strong upside potential, and a proforma NOI of $126,600 at 7.23% Cap, this property promises an excellent investment opportunity.

Investment Highlights

• Beautiful 2-Story Brick Building Built in 1938
• Well Maintained Avenues Corner of 3rd and K Street
• Below Market Rents, Strong Upside
• Corner Retail, Plus (3) 1-Bedroom Apartments
• Excellent Rental History
• Healthy Pets Retail Space Occupies 2,700 SF Main Level + 2,100 SF Basement
• (3) Charming 1-Bd Apartments Occupy the 2nd Floor
• Proforma NOI: $126,600 with 7.23% Cap
• Current In-Place: $74,716
• Retail Rent Increases 3% Annually, Expires on 4/30/2029