ATTN: Medical Practitioners and Investors. Why pay $36.00/SF for medical space when you can own this 3472 SF mixed use, medical office and residential structure and pay yourself the rent or as an investor rent the entire building. This is a 12 room medical office and a 6 room duplex residential apartment. Projected Gross Yearly Income is $87,600. Projected Yearly expenses are Taxes: $4,470, Insurance: $3,000, Water/Sewer: $2,000, Maintenance: $2,400 Total Projected expenses as Tenants pay heat and electric is $11,870, Projected Net Income: $75,730. 20% Down Payment: $150,000 with $600,000 mortgage @ 5 1/2% (subject to lender/credit) Mortgage Payment of $3,407/Mo or $40,884/yr Projected net net income $75,730-$40,884 = $34,845 Cap Rate: .23% (Try and get that return from a bank)
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Gabriel
Ocasio-Cortez to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Richard Greco Real Estate
Copyright 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Grand Lux Realty, Inc. are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 2/23/19 9:31 PM PST