Remarks

Don’t miss this rare opportunity to own a solid income-producing, mixed-use building in one of the busiest commercial corridors of Rutland Road. Featuring a fully leased laundromat with 3 years remaining on a rent-escalating lease, there will be a 2% increase annually for the store rent. The owner of this property pays $5,140 for the annual tax and the store owner pays the rest. Plus two spacious 4-bedroom apartments, this property offers both immediate cash flow and long-term growth potential. With a full basement for added storage, minimal owner expenses, and proximity to major transit lines and top-rated schools, this is the perfect asset to invest, live in, or expand your real estate portfolio.

Details

MLS#: 492521
Price: $1,888,000

Style: Mixed Use
Sq Ft: 3932
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 7386.00