Courtesy of: Rui (Nancy) L Wu, Exit Realty Professionals, nancyli_sold@yahoo.com
Courtesy of: Rui (Nancy) L Wu, Exit Realty Professionals, nancyli_sold@yahoo.com
$6,250,000
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Lot: 0.16 Acres
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Mixed Use
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$6,250,000
751 McDonald Avenue Two solid buildings @ 751-755 Mcdonald Avenue in Kensington offered one building with 2 commercial stores and 3 floors of warehouse and the second building with 2 commercial stores and 12 residential apartments unique opportunity, both buildings have full basements. Incredible investment opportunity. This property 751 Mcdonal Ave is a four stories plus a full basement brick building which is vacant currently, the store front is a retail space which is appx 2, 600 sqft, Certificate of Occupancy #300087901-02, projected yearly income $306K. 755 McDonald Ave is a four stories plus a full basement brick building as well. It consists of two stores and twelve apartments, gross yearly income $294, 000, net income $ 175, 357. Certificate of Occupancy #300087894-02. The six commercial spaces between two buildings will be vacant at the closing. The total projected yearly income is $600, 000, net projected yearly income $428, 960, cap rate 7%. Only steps away from train station and Ditmas Avenue. All rent roll and expenses break downs will be provided upon requested.
Courtesy of: Rui (Nancy) L Wu, Exit Realty Professionals, nancyli_sold@yahoo.com
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