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Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system. The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout. This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property’s cash flow. Conveniently located just 0.5 miles from the 103rd Street–Roosevelt Avenue subway station. 1st Floor (Retail): 24.81 x 48.14 2nd Floor (Residential): 24.81 x 36.25 Additional unused FAR, offering future potential. A strong, turn-key investment.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: ONEKEY
Provided By
Listing Agent: Jim Pappas (#KEY9012829)
Listing Office: Rock Realty Inc (#KEY77RR01)
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