412 White St | $549,000

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412 White St | $549,000

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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.

Make It Yours!

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