Description
Excellent investment opportunity in the heart of Park Manor. Mixed Residential and commercial building consisting of 3 occupied stores Featuring Mabe's Deli as the business hub. There are also 8 1 bedroom 1 bath apartments and a 5 car brick garage for additional income with minor deferred maintenance. All mechanics are newer and in excellent condition. This building is currently cash flowing with pre-determined rent increases coming soon. Existing Cap Rate is 8 and Pro Forma Cap Rate of 15. Building can be purchased as a package deal with 301 E. 75th St if desired.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Excellent investment opportunity in the heart of Park Manor. Mixed Residential and commercial building consisting of 3 occupied stores Featuring Mabe's Deli as the business hub. There are also 8 1 bedroom 1 bath apartments and a 5 car brick garage for additional income with minor deferred maintenance. All mechanics are newer and in excellent condition. This building is currently cash flowing with pre-determined rent increases coming soon. Existing Cap Rate is 8 and Pro Forma Cap Rate of 15. Building can be purchased as a package deal with 301 E. 75th St if desired.
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