Amber Cole
Sports Afield Real Estate
This is a free-standing mixed-use mercantile and apartment building located in a quiet residential area of Hamilton Heights. The property encompasses approximately 4,006 square feet and sits on a 3,080 square foot lot.
The ground floor is currently leased to a daycare, which utilizes the fenced-in rear yard as a playground. Precious Circle of Friends Learning, the current tenant, has been renting the property since 2022. They hold a 5-year lease that expires on February 28, 2027, paying $2,500 per month on a triple net (NNN) basis. The daycare is licensed to care for 28 children from birth to 5 years old.
On the second floor, there is a two-bedroom apartment. According to Trulia, market rents for similar apartments range from $1,000 to $1,500 monthly, making this an attractive investment opportunity.
Directions: From N. Skinker Parkway and Page Blvd, go east on Page 1 block to Hodiamont Ave, Turn Left on Hodiamont Ave 0.3 miles to the property on the Right at the intersection of Hodiamont Ave and Ridge Ave.
Amber Cole
Sports Afield Real Estate
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Listed By: Harold Hanstein of Cardinal Realty Group