English
| MLS # | 831122 |
| Année de construction | 1948 |
| Taxes (par an) | $25,596 |
| Climatiseur | Climatisation centrale |
| Train (LIRR) | 0.6 miles de la gare « Westwood » |
| 0.7 miles de la gare « Malverne » | |
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房屋英文概況 English 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 © 2024 OneKey™ MLS, LLC
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