771a-775 Famingdale Road, West Babylon, NY 11704
sale
$1,399,000
|
Business
Courtesy Of WINZONE REALTY INC.
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate.
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
Annual property tax: $29,599.42
Owner expenses: Approximately $5,000/year for property insurance
Roof: Replaced about 3 years ago
Tenant: A dry cleaning business that has operated at this location for approximately 25 years
Lease: Long-term lease in place 10 years with a 5-year renewal option
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
Annual property tax: $29,599.42
Owner expenses: Approximately $5,000/year for property insurance
Roof: Replaced about 3 years ago
Tenant: A dry cleaning business that has operated at this location for approximately 25 years
Lease: Long-term lease in place 10 years with a 5-year renewal option
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: 905144
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