Description
Built in 1910 and recently renovated in 2019, this property is 5,500 square feet of living space. A substantial $150,000 renovation investment has been made, including brand new vinyl replacement windows, a tear-off roof in 2006, and a new boiler installed in 2019. A brand new Certificate of Occupancy transfers to the new buyer and expires in October 2026. The owner covers the cost of heat, while tenants pay for separate gas and electric utilities. Conveniently located north of Ridge Road near Kodak, residents will enjoy easy access to transportation, shopping, and dining options. Ample off-street parking is available, ensuring convenience for all. With a solid rent roll and impressive metrics, including a cap rate of 11.1%, this property promises lucrative returns. Don't miss out on this remarkable opportunity in the thriving Maplewood neighborhood! 48 hours notice please for showings. Commercial bank term sheet requested or POF before showings. P and L available on request.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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5,500SQFT
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$80$/SQFT
Description
Built in 1910 and recently renovated in 2019, this property is 5,500 square feet of living space. A substantial $150,000 renovation investment has been made, including brand new vinyl replacement windows, a tear-off roof in 2006, and a new boiler installed in 2019. A brand new Certificate of Occupancy transfers to the new buyer and expires in October 2026. The owner covers the cost of heat, while tenants pay for separate gas and electric utilities. Conveniently located north of Ridge Road near Kodak, residents will enjoy easy access to transportation, shopping, and dining options. Ample off-street parking is available, ensuring convenience for all. With a solid rent roll and impressive metrics, including a cap rate of 11.1%, this property promises lucrative returns. Don't miss out on this remarkable opportunity in the thriving Maplewood neighborhood! 48 hours notice please for showings. Commercial bank term sheet requested or POF before showings. P and L available on request.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than MyTown Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2023-11-30T21:14:07.16.
Listing information © 2023 CNYIS, GENRIS, WNYREIS. Listing provided by Mark Palazzo of Rich Realty : .