Description
Situated in a bustling high-traffic area, this three-story brick building boasts two store fronts and five 2-bedroom residential rental units. The property is zoned for commercial use (4A), offering a lucrative opportunity for savvy investors. Currently, the rental income has great potential for growth, especially with the recent renovation of one second- floor residential unit, which is rented for $2,200 per month. Each residential unit is approximately 1,000 sq. ft and comes equipped with a refrigerator and gas stove, enhancing the appeal for tenants. Noteworthy recent upgrades include a $20,000 roof repair with a new skylight, $35,000 invested in residential unit enhancements, and $7,000 in improvements to the common areas. The storefronts underwent $100,000 in renovations to attract potential lessees. With close proximity to New York City and NY transportation, this property offers promising returns in a rapidly developing area. Don't miss out on this excellent investment opportunity! Contact us today to learn more.
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0BEDS
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N/AACRES
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5BATHS
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21/2 BATHS
School Ratings & Info
Description
Situated in a bustling high-traffic area, this three-story brick building boasts two store fronts and five 2-bedroom residential rental units. The property is zoned for commercial use (4A), offering a lucrative opportunity for savvy investors. Currently, the rental income has great potential for growth, especially with the recent renovation of one second- floor residential unit, which is rented for $2,200 per month. Each residential unit is approximately 1,000 sq. ft and comes equipped with a refrigerator and gas stove, enhancing the appeal for tenants. Noteworthy recent upgrades include a $20,000 roof repair with a new skylight, $35,000 invested in residential unit enhancements, and $7,000 in improvements to the common areas. The storefronts underwent $100,000 in renovations to attract potential lessees. With close proximity to New York City and NY transportation, this property offers promising returns in a rapidly developing area. Don't miss out on this excellent investment opportunity! Contact us today to learn more.
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Data last updated: 2025-01-15T09:25:50.81.