UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1000583
Rental Info No
Year Built 1925
Annual Tax Amount $6,831
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Mixed Use
Source onekey2
Property Description
All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams. Owner will consider offers for one lot, 94 and 92 or 90 and 90A.
Location
State NY
County Suffolk County
Rooms
Basement Unfinished
Interior
Heating Hot Water, Oil
Cooling None
Flooring Combination
Fireplace No
Exterior
Parking Features Driveway, Unassigned
Fence Back Yard, Front Yard
Utilities Available Electricity Connected, Trash Collection Private, Water Connected
Building
Foundation Other
Sewer Cesspool
Water Public
Structure Type Frame,Other,Stucco
Schools
High Schools Riverhead
School District Riverhead
Others
Special Listing Condition None
Nearby Locations
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Christine Sardinha
Broker Associate | License ID: 10301202073
Broker Associate License ID: 10301202073