Remarks

7.15 CAP RATE AT ASKING PRICE. INCOME PRODUCING FULL BRICK MIXED USED WITH 8 RESIDENTIAL UNITS AND 2 COMMERCIAL STORES. BUILDING SIZE 38X100 WITH MASSIVE 10,640 SQFT SPACE.RESIDENTIAL UNITS COMPRISE FOUR 2 BEDROOMS AND FOUR 1 BEDROOM APARTMENTS. RESIDENTIAL GROSS INCOME 125,448. GROCERY STORE 3,777 MONTHLY(4 YEAR LEASE LEFT), LAUNDRY 3,200 MONTHLY(9 YEARS LEASE LEFT). ANNUAL PROPERTY TAX 34,000. ANNUAL WATER 9,200. ANNUAL INSURANCE 11,000. ANNUAL GAS 6,750. ANNUAL ELECTRICITY 1,800. SUPER 4,200. GROSS INCOME: 209,172. GROSS EXPENSE: 66,950. NET 142,222. CAP RATE AT ASKING 7.15
BRAND NEW ROOF. NEWER FURNACE. TURN KEYS INVESTMENT. CALL FOR DETAILS.

Details

MLS#: 2405864
Price: $1,988,000

Style: Commercial
Sq Ft: 10640
Year Built: 1931

County: Richmond
Lot Size: 38X100
Tax Fee: 34000