This is an excellent opportunity to own a commercial property with an approximate 5% cap rate.
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
• Annual property tax: $29,599.42
• Owner expenses: Approximately $5,000/year for property insurance
• Roof: Replaced about 3 years ago
• Tenant: A dry cleaning business that has operated at this location for approximately 25 years
• Lease: Long-term lease in place — 10 years with a 5-year renewal option
4,333 Sq Ft
0.27 Private Acres Exterior Space
Commercial
$29,599 Annual Tax
Built in 1971
MLS/Listing ID 905144
Parking - Parking Lot
Heating - Other
Listing Courtesy of WINZONE REALTY INC, JING WANG - 917-667-5661
Source of Data: ONEKEY MLS
TOTAL MONTHLY COST
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