Great Upside Potential !

Great Upside Potential !

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Listing was updated on: 05/01/2023

684 Richmond Road, Staten Island, NY, US

Location
: Attention investors and 1031 tax exchange prospects. According to RPR property values in this area have increased by 8.1% in the last 12 months. This corner property has high visibility on one of Staten Island's main throughways and 1 block off SI expressway. Built 1955 updated approx 2008. The current tenants have a consistent rent payment history throughout their tenancy. With an auto leasing office on 1st level updated kitchen and bath rent @$1500 m to m. 2nd level 2 bedrooms with modern kitchen and bath rent @ $1500. M to M. Multiple Off street parking and garage. Electric and plumbing have also been updated. It currently generates $36,000 gross annual income which provides a 4.21 cap rate. With new management this property has great upside potential. 'Property being sold as is with current tenants' MORE Photos coming soon.

Sale
: Attention investors and 1031 tax exchange prospects. According to RPR property values in this area have increased by 8.1% in the last 12 months. This corner property has high visibility on one of Staten Island's main throughways and 1 block off SI expressway. Built 1955 updated approx 2008. The current tenants have a consistent rent payment history throughout their tenancy. With an auto leasing office on 1st level updated kitchen and bath rent @$1500 m to m. 2nd level 2 bedrooms with modern kitchen and bath rent @ $1500. M to M. Multiple Off street parking and garage. Electric and plumbing have also been updated. It currently generates $36,000 gross annual income which provides a 4.21 cap rate. With new management this property has great upside potential. 'Property being sold as is with current tenants' MORE Photos coming soon.