229-235 S. Franklin Street Hempstead NY, 11550
$879,000
ML# 805779
Property Picture

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).

    All Star Real Estate Brokers
    ALL STAR REAL ESTATE BROKERS Licensed Real Estate Broker (516)318-1392 camille@allstarrealestatebrokers.com