Listing Courtesy of: Real Estate 2000 Inc.
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Description
Fantastic Chance To Acquire A Trio Of Commercial Investments, All Housed Within A Single Building. 13,769 Square Foot Commercial Space. In Downtown Mount Vernon, It Features A Convenience Store, An Enticing Indian Restaurant Which Leases For $2,000 A Month, And A Profitable Rental Apartment Which Leases For $1,000 A Month. Both Leases Are Additional Income To The P&l $185k Gross Income Giving It A 20.12% Cap Rate! Upgrades Include A Commercial-grade Kitchen And Sanitation Area. The Property Boasts High Visibility And Prominent Signage, Capturing Daily Traffic Of Nearly 10,000 Vehicles. Set For Substantial Growth. 2022 Gross $679,672.78, Net Of $185,278.72 And 17% Cap Rate!
Property Features