229-235 S. Franklin Street Hempstead, NY 11550
Mixed Use
MLS #: 805779
Courtesy Of Laffey Real Estate
Property InformationDescription
Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160,00 (with residential TLC). R.E. Taxes: $37,660. Income and expenses (see attachment). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.
Features
- Amenities: Dock
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Clapboard
- Exterior Type: Brick
- MLSID: 805779
- Parking Spaces: 2
- Rooms: Basement
MAP & DIRECTIONS
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