229-235 S. Franklin Street, Hempstead, NY, 11550
$879,000
Mixed Use
Commercial
Details
ML#: 805779
- # of Families: 5
- Sale or Rent:Sale
- Taxes: $37,660
- Status:Active
Description
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). Being offered with 220-228 S. Franklin (see MLS 804752).
More Property Details
Lot Sq Ft: 6639
Parking Spaces: Yes
Parking Spaces: 2
Parking Facilities: Driveway
Heat: Natural Gas
A/C: Individual Units
Water: Public
Sewer: Public Sewer
Taxes: $37,660
Zoning: Business B
Block: 379
Lot: 415
Listing Information provided courtesy of
LAFFEY REAL ESTATE
516-482-1111