UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1000583
Rental Info No
Year Built 1925
Annual Tax Amount $6,831
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Mixed Use
Source onekey2
Property Description
All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams.
Location
State NY
County Suffolk County
Rooms
Basement Unfinished
Interior
Heating Hot Water, Oil
Cooling None
Flooring Combination
Fireplace No
Exterior
Parking Features Driveway, Unassigned
Fence Back Yard, Front Yard
Utilities Available Electricity Connected, Trash Collection Private, Water Connected
Building
Foundation Other
Sewer Cesspool
Water Public
Structure Type Frame,Other,Stucco
Schools
High Schools Riverhead
School District Riverhead
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.