1064 Harlem Road Cheektowaga NY 14227 MLS #B1380032

Immediate Income Opportunity with $33,360.00 in actual gross income, 8.12% cap rate. This highly visible mixed use property includes (2) 2bdrm apartments and (1) retail shop, 100% tenant occupied, with all tenants up to date on current rent obligations. 18 year long retail tenant currently on a month/month rental agreement, and both residential units are tenant occupied (one month/month and one leased through 6/1/2022). In addition the one car attached garage is currently rented at $185.00/month. This building features 12 off street parking spots, 2 year old flat roof over retail office, 10 year old flat roof above the garage, and asphalt shingle roof on the building is 5 years old (tear off). All tenants are responsible for their own electric and gas utilities and the retail unit has an air conditioning unit. Property taxes: $6,703.25, water utility: $263.71 (last 4 bills). Property can be purchased at a discount if purchased with 1060 Harlem (MLS #B1380114)