412 White St | $549,000
412 White St | $549,000
Fabulous opportunity to own a like new mixed use property built in 2007 on White Street. Multiple off street parking spaces in the rear of the property. The building consists of a commercial office suite on the 1st floor with 3 individual offices, reception area, a wheelchair accessible bathroom; and 2 one bedroom, one bath apartments on the 2nd floor. Each unit is tenant occupied.
Year Built: 2007
Gross Living Area: 1,513 Sq Ft + 2 Finished Lofts
Commercial Space: 708 Sq Ft
Apt 1: Approx. 400 Sq Ft+ Loft / Apt. 2 – Approx. 400 Sq Ft + Loft
Lot Size: 3,250 Sq Ft
Total Bedrooms: 2
Total Baths: 3 (Office Bath is Handicap Accessible)
Flood Zone: AE
Zoning: HNC - 2 (Historic Neighborhood Commercial)
Construction: CBS/Masonry
Roof: Metal
Floors: Tile
Cooling/ Heat: Central; A/C
Parking: Off Street – 3+ Cars
Taxes: $5,257.98 for the 2012 Tax year
Insurance: Wind (Citizen): $3,317 / Flood (Liberty American): $1,620 hazard / (Lloyd’s of London): $2,189
Residential income Current:
TWO UNITS LOCATED ON 2ND FLOOR AS AFFORDABLE HOUSING WITH 50 YR RESTRICTIONS PURSUANT TO THE CITY OF KW SECTIONS 122-1465
Apt. 1: 1 Bedroom/1Bath - $1,100/Month plus Utilities = $13,200/Year
Apt. 2: 1 Bedroom/1 Bath - $1,200/Month plus Utilities = $14,400/Year
Commercial Income: $2,000/Month = $24,000/Year
Combined Current Income: Residential: $27,600 + Commercial: $24,000 =Total: $51,600/Year