
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$1,535,000
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Lot: 0.05 Acres
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Other
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$1,535,000
7617 Myrtle Avenue Calling All Investors, Developers, & End-Users!!! 8.69 Cap 100% Occupied 4 Unit 3, 300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9' Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!! The Property Has 21' Of Frontage On Myrtle Ave. + 106' On 78th St.!!! Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili's Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, Dunkin', McDonald's, Regal Cinemas, Dollar General, Wendy's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Myrtle Meds Pharmacy: $39, 403.68 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/29. Apt. 1 (3 Br.): $41, 568 Ann.; Lease Exp.: 2/28/27. Apt. 2 (2 Br.): $34, 692 Ann.; Lease Exp.: 4/30/27. Apt. 3 (3 Br.): $41, 568 Ann.; Lease Exp.: 2/28/27. Gross Income: $157, 231.68 Ann. Expenses: Gas: $0 Ann. Electric: $495 Ann. Maintenance & Repairs: $4, 000 Ann. Water & Sewer: $2, 400 Ann Insurance: $6, 041 Ann. Taxes: $10, 973.90 Ann. Total Expenses: $23, 909.90 Ann. Net Operating Income (NOI): $133, 321.78 Ann. (8.69% Cap!!!)
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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