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220-228 S. Franklin ST Hempstead, NY 11550
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Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 804752
Sold Date 06/06/25
Rental Info No
Annual Tax Amount $47,502
Property Sub-Type Mixed Use
Source onekey2
Property Description
Unique investment opportunity. 1 tax lot, 2 buildings.
Structure 1: 2-family, 2-story Colonial (circa. 1925) w/private yard and detached garage. Residential tenants Mo.-Mo.
Structure 2: single-story 3-unit tenant occupied multi-tenanted 'strip center' (circa. 1966) fully occupied by 2 tenants. Commercial tenants: Bar/Restaurant through 2033, Furniture store through 2027. Semi-net. Also Being offered with 229 -235 S. Franklin Avenue MLS# 805779. Investor can purchase 1 or both properties.
Stabilized Potential Gross Income: $150,00 (with residential TLC). R.E. Taxes: 47,502. Income and expenses attached.
Location
State NY
County Nassau County
Rooms
Basement See Remarks
Interior
Heating Other
Cooling Multi Units
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Clapboard
Others
Special Listing Condition None
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Bought with LAFFEY REAL ESTATE