Prime Location: Mixed-use building for Sale in Bustling Commercial Districts . A well-designed layout suitable for a restaurant that has 1750 sqft, including the basement, the monthly rent is $12,000.
Plus 4 luxury residences. Two two-bedroom, one living room, and one bathroom on the second floor. The current monthly rents for each is $2,000. Each unit has the potential to be rented for $2500 to $2950. The third and fourth floors are two duplexes with three bedrooms, one living room and two bathrooms , the current monthly rents for each is $2,350. Each one has the potential to be rented for $3200 to $3500. All residential tenants no longer have a lease and can sign a new one.
Only 1 block away from 7 train 103 St–Corona Plaza, close to major highways, shops, and restaurants, convenient to all. A rapidly growing area with increasing property values and rental demand.
Perfect for both self-use and investment.
Free Market
Zoning districts: R6B, C1-4
Building Size: 5,700SF (25’ x 70’)
Lot Size: 2,500 SF (25’ x 100’)
Taxes: $39,903
Current Monthly Rent: $20,550
Total Yearly Rent: $246,600
Yearly Expenses: $40,000
NOI now : $206,600
Recent CAP Rate: 6.89% (After the new lease is signed, the cap rate will be raised over 8.% )
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