INVESTOR DELIGHT! LARGE CORNER BRICK MIX USED BUILDING WITH SOLID CAP RATE 5% AT ASKING! 8 FAMILIES AND TWO STORES.TOTAL ACTUAL ANNUAL INCOME: $175,000, ACTUAL EXPENSE: $55,000.(GAS $6K,ELECTRIC $1K,INSURANCE$5K,WATER,$8K,SUPER$3K,PROPERTY TAX:$31K.) NET INCOME: $116,000.EIGHT RENT STABILIZED RESIDENTIAL HUGE APARTMENTS (4 TWO BRS, 4 ONE BR). TWO STORES WITH NEW 5 YEARS LEASES. $3,000 EACH STORE WITH 3% ANNUAL INCREASE. MINIMAL LANDLORD RESPONSIBILITY.
|Price Reduced from $2,280,000 to $2,180,000|
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