![[Hempstead Real Estate, listing number 7207197]](https://www.vlshomes.com/images/full/7207197a.jpg)
| Description: 7207197 | |
| This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments aboveâ??a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, itâ??s in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sellâ??donâ??t miss out! | |
Details: |
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| Families: | 3 | |
| Property Type: | House | |
| Acres: | 0.07 | |
| Built: | 1926 | |
Financials: |
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| Price: | $925,000 | |
| Taxes: | $28,860 | |
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