Description
Rare Investment Opportunities! Looking for a commercial building in Long Island? Good investment opportunities in Long Island, low cost, stable returns! Property Overview Location: Valley Stream, Long Island 47 Franklin Ave, Valley Stream, NY 11580 Floor area: 8,450 square feet Building area: 3,304 square feet Parking spaces: nearly18-20 Property structure First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms Second floor: office,1 full bathroom Leasing status Current business: Mexican restaurant, beautifully decorated, booming business Rent: $7,100/month (including property tax), annual rental income $85,200 Tenants bear all water, electricity and gas expenses. Lease: NNN lease 3 years remaining + 5 years renewable. Rent growth: 3%-4% per year Return on investment Property tax: $25,600, tax reduction can be applied for Rate of return: about 6% Worry-free rent collection, stable cash flow Additional advantages Homeowner loans can be provided, with interest rates better than banks Well-decorated, equipped with central heating and cooling system, new roof
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Rare Investment Opportunities! Looking for a commercial building in Long Island? Good investment opportunities in Long Island, low cost, stable returns! Property Overview Location: Valley Stream, Long Island 47 Franklin Ave, Valley Stream, NY 11580 Floor area: 8,450 square feet Building area: 3,304 square feet Parking spaces: nearly18-20 Property structure First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms Second floor: office,1 full bathroom Leasing status Current business: Mexican restaurant, beautifully decorated, booming business Rent: $7,100/month (including property tax), annual rental income $85,200 Tenants bear all water, electricity and gas expenses. Lease: NNN lease 3 years remaining + 5 years renewable. Rent growth: 3%-4% per year Return on investment Property tax: $25,600, tax reduction can be applied for Rate of return: about 6% Worry-free rent collection, stable cash flow Additional advantages Homeowner loans can be provided, with interest rates better than banks Well-decorated, equipped with central heating and cooling system, new roof
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