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229-235 S. Franklin Street Hempstead, NY 11550

$879,000
0.15
Acres
$879,000
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active
1/3
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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).

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).

  • Neighborhood
    11550
  • Type
    Multi family
  • County
    Nassau County
  • Tax Amount
    $37,660
  • Status
    Active
  • Listing #
    805779
  • Lot Size
    0.15
  • Listed on site
    9 days

Listed by:
Laffey Real Estate

Source:
MLSLI

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Property details

Community Features

  • No HOA

Property Features

  • Corner Lot
  • Gas Utilities

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Gas
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