3106 S Grant Street

All three leases expire on 4/30/2024 and the tenants would like to remain in the property. The owner is willing to renegotiate the leases on behalf of the new owner with projected increases of approximately $100 for the entire property, thus pushing the Cap Rate above 5%. Tenants are all current and pay in a timely manner. One tenant has been in the property for 6 years and the second tenant has one year of history. The garage tenant has 5+ years of history with the Owner. Fantastic location near Swedish Medical Center, Porter Hospital, Light Rail, Sprouts, Harvard Gulch, and South Broadway shops. Rents: House - $1,995 / mo. Carriage - $1,395 / mo. Garage - $155 / mo.

Listing Office: CENTRAL PARK REALTY LLC