171 S Franklin Street, Hempstead, NY 11550
sale
$925,000
|
Other
Courtesy Of Keller Williams Realty of Greater Nassau
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above-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, it'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 sell-don't miss out!
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 3
- Cooling System: Multi Units
- Cooling System: Separate Meters
- Exterior Type: Cedar
- Heating System: Natural Gas
- MLSID: 911557
- Rooms: Basement
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