Excellent investment opportunity on the busy Fulton Street commercial corridor! This well-maintained mixed-use property features 2 residential units and 1 ground-floor storefront on a 20 × 97 lot with a 20 × 55 building. Approximately 6.7% cap rate with stable income and strong long-term investment potential. Prime location near public transportation with heavy pedestrian and vehicle traffic. A new approximately 460-unit development is nearing completion just half a block away. Recent improvements include new underground electric, gas, and sewer infrastructure completed approximately two years ago. Great opportunity for investors seeking strong cash flow, future upside, and a prime location.
Excellent investment opportunity on the busy Fulton Street commercial corridor! This well-maintained mixed-use property features 2 residential units and 1 ground-floor storefront on a 20 × 97 lot with a 20 × 55 building. Approximately 6.7% cap rate with stable income and strong long-term investment potential. Prime location near public transportation with heavy pedestrian and vehicle traffic. A new approximately 460-unit development is nearing completion just half a block away. Recent improvements include new underground electric, gas, and sewer infrastructure completed approximately two years ago. Great opportunity for investors seeking strong cash flow, future upside, and a prime location.
Listing Courtesy of E House Realty & Mgt. Inc.