LEASED INVESTMENT

2,613 +/- s/f retail building

2 store fronts currently leased

Exterior:  wood masonry

10' ceilings

Roof: asphalt

Oil heat

City sewer and water

Commercial zoning

Assessment:  $204,800

Mill rate:  22.69

Taxes:  $2,278 (**49% of taxes)

2 leased store fronts

Dry cleaner $1,430 per month gross with 10% annual increase / 5 yrs 8/1/08 - 7/31/13

Hair salon $650 per month gross / 5 yrs 7/1/07 - 6/30/12 / then 5 yr option

Income              $2,080/month                $24,960 / year

Expenses

Taxes                  $2,278

Insurance               2,000

Oil                         4,089

Snow removal           250

Lawn care                 250

Sewer                       630

Total expenses                                       $9,497

NOI                                                     $15,463

CAP rate                                              7.77%

** Total acerage .63 acres.  .46 acres is a land lease and 51% of taxes is paid by lessee.

SALE PRICE:  $199,000

BROKER:  GERRY MATTHEWS / ED GODIN