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$ 825,000
Est. payment /mo
Pending
220-228 S. Franklin ST Hempstead, NY 11550
UPDATED:
02/18/2025 07:02 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEY804752
Originating Board onekey2
Rental Info No
Annual Tax Amount $47,502
Property Sub-Type Mixed Use
Property Description
Unique investment opportunity. 1 tax lot, 2 buildings.
Structure 1: 2-family, 2-story Colonial (circa. 1925) w/private yard and detached garage. Residential tenants Mo.-Mo.
Structure 2: single-story 3-unit tenant occupied multi-tenanted 'strip center' (circa. 1966) fully occupied by 2 tenants. Commercial tenants: Bar/Restaurant through 2033, Furniture store through 2027. Semi-net. Also Being offered with 229 -235 S. Franklin Avenue MLS# 805779. Investor can purchase 1 or both properties.
Stabilized Potential Gross Income: $150,00 (with residential TLC). R.E. Taxes: 47,502. Income and expenses attached.
Structure 1: 2-family, 2-story Colonial (circa. 1925) w/private yard and detached garage. Residential tenants Mo.-Mo.
Structure 2: single-story 3-unit tenant occupied multi-tenanted 'strip center' (circa. 1966) fully occupied by 2 tenants. Commercial tenants: Bar/Restaurant through 2033, Furniture store through 2027. Semi-net. Also Being offered with 229 -235 S. Franklin Avenue MLS# 805779. Investor can purchase 1 or both properties.
Stabilized Potential Gross Income: $150,00 (with residential TLC). R.E. Taxes: 47,502. Income and expenses attached.
Location
State NY
County Nassau County
Rooms
Basement See Remarks
Interior
Heating Other
Cooling Individual Units
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Clapboard
Others
Special Listing Condition None
Listed by LAFFEY REAL ESTATE