Mixed Use Property For Sale at Discounted Price

1889 Jamaica Ave, Jamaica, NY 11423

$1,300,000 After Repair Value -
$1,100,000 Asking Price -
$0 Cost of Repairs =
$200,000 Potential Profit

Property Details

Asking Price $1,100,000

After Repair Value $1,300,000

Costs of Repairs $0

Potential Profit $200,000

Living Area 3896 ft2

Property Type Commercial Property

Bedrooms 5

Bathrooms 4

Half Bathrooms 1

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $108,000

Yearly Expenses $3,500

Property Taxes $6,450

Net Operating Income $10,000

Cap Rate 4

Property Description

Mixed use commercial zoned R5D. The building For Sale.
UPSTAIRS 2 apartment 3 bedrooms with 1 full bath & 3 bedrooms with 1 full bath both vacant.
store front with a restaurant, a bar, lounge & dancing floors.


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