423 Kuhlman Dr. is a Newly-Remodeled Mixed-Use Property (SF Residence + Large Shop)

Property carries a CX-Heavy Commercial Zoning

Lot Size of 10,990 SF

Property offers an ability for a Live/Work Arrangement, or Purely as an Investment Opportunity.

House is extremely private, with only one direct neighbor. Move-In Ready on October 31st.

POTENTIAL INVESTMENT RETURN:

- House likely to lease for $2,500+/Month

- Shop likely to lease for $1,600+/Month

- Tenants to Cover Utilities

- Assume $49,200 of Annual Lease Income

- Estimated Expenses of $9,000/Year

- At $525,000, A New Buyer Would Achieve a 7.67% CAP Rate

RESIDENTIAL HOME:

- 2,250 SF on One Level

- Fully Remodeled from top to bottom in 2022

- Five (5) Nicely Sized Bedrooms, Complemented by Three (3) Full Bathrooms

- New Water & Sewer Supply Lines to Home

- New Steel Roof

- Newly Installed In-Floor Radiant Heat Throughout

- New Forced Air A/C

- New Concrete Board Siding

- New Windows & Doors (Interior & Exterior)

- All New Electrical , Electrical Panel (200 Amp) & Plumbing

- Brand New On-Demand Water Heater

- Complete Custom Kitchen with All New Stainless Steel Appliances & Quartz Countertops

- New 40", 6-Burner Stove

- Veggie Prep-Sink in the Island + 30" Farmhouse Sink

- New Tile/Carpet/LVP Throughout

- Bathroom One: 72 x 36-inch Jacuzzi Tub with Custom Quartz Shower and Matching Vanity

- Bathroom Two: 60 x 32-inch Jacuzzi Tub with Full Custom Tile Surround

- Master Bath (3): Custom Tile Shower

- 1,800 SF Fenced Patio

- Fully Fenced 8'x24' Completely Fenced Private Deck

COMMERCIAL SHOP/BUILDING:

- 2,588 SF on One Level

- 8' High x 16' Wide Garage Door

- Two (2) Man-Doors

- New Sewer & Water Supply Lines

- New 200 Amp Electrical Service & Electrical Panel

- Commercial Rooftop Heat & A/C Unit (Needs Hooked Up)

- Seller Willing to Negotiate on Shop Being Built-To-Suit Upon Purchase ( Owner is local contractor) himself)

- Shop to Potentially Include: 120' of 10' Pallet Racking + 16' x 6.8' Steel Fab Table. Could also be Removed.

OTHER INFO:

- Shop and House have:

* Separate Addresses

* Separate Electrical Meters

* Separate Gas Meters

* Shared Water & Sewer Services