Yorktown NY, 10535
$1,650,000
Mixed Use
Commercial
Details
ML#: H6334911
- Business Type: Mixed Use, Residential
- Sale or Rent:Sale
- Year Built: 1973
- Status:Active
Description
This exceptional investment opportunity features a mix of residential and commercial properties, ideal for income generation and future development. The portfolio includes a five-bedroom main house with a renovated kitchen and living areas, a duplex with a one-bedroom unit and a two-bedroom unit, and a separate cottage with its own amenities. Additionally, a bar/restaurant, currently non-operational and in need of renovations, presents a chance for significant value enhancement. Above the bar, there are two residential units. The property offers ample land with parking for 10-15 cars near the bar/restaurant and additional spaces for the duplex, enhancing accessibility for customers. Located near Osceola Lake, this portfolio benefits from recreational appeal, making it attractive. With existing leases in place, the investment boasts strong income potential and a cap rate of 6.4%. Also includes adjacent property at 3764 Wood St Tax ID 55540000601700010710000000
More Property Details
Heat: Oil, Propane, Hot Water
A/C: Central Air
Water: Public
Sewer: Septic Tank
School District: Lakeland
Zoning: Mixed use /Residential
Listing Information provided courtesy of
Howard Hanna Rand Realty
914-245-4422