1702 Palmetto St
queens, NY 11385$2,350,000
INTERESTED? LET'S CONNECT
STRONG CASH FLOW & DIVERSE INCOME STREAM- This Brick Building Offers ONE COMMERCIAL Store Front & FIVE FREE MARKET RESIDENTIAL APARTMENTS. Ridgewood Is Recognized For It's RAPID GROWTH And Various New Construction And Condo Conversions So Don't Miss This Armchair Investment Opportunity In A Market Where MIXED- USE PROPERTIES Rarely Become Available. With All Rents Currently Below Market Value There Is Substantial Value-Add Opportunity & Significant Upside Potential For Future Appreciation. By Improving Leasing And Raising The Rents To Current Market Rate There Is A Chance For A Cap Rate Over 10%.
Details
4,800 Sq Ft
2,000 Sq Ft Exterior Space
Commercial
$20,526 Annual Tax
Built in 1930
MLS/Listing ID 841957
6 Units
Amenities & Features
Heating - Natural Gas
Construction - Brick
Cooling - Multi-split AC
Listing Courtesy of EXIT ALL SEASONS REALTY, JAROSLAW KASZUBA - 718-345-4545
Source of Data: ONEKEY MLS