Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
$1,690,000
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2,000 square feet
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Lot: 0.03 Acres
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Other
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$1,690,000
6903 8th Avenue Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' * 50' building on a 20' * 60' lot with annual property taxes of $7, 448. The 1st floor and finished basement are currently leased to an established hair salon at $2, 300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and is occupied by a tenant paying $1, 800/month, with a lease secured through 2030. The second-floor tenant is responsible for gas and electric expenses. The property currently generates $4, 100/month, or $49, 200 in annual gross rental income, with long-term leases providing excellent income stability and reduced vacancy risk. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
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