192 Pine Acres Boulevard

Deer Park

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Calling All Investors, Developers & End-Users!!! 8 Cap 100% Occupied 3 Unit Free Market Apartment Building For Sale!!! The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 8' Ceilings, 2 Driveways, Carport, Fenced Yard, 4 Meters, All New LED Lighting, 200 Amp x 4 Power, A/C, +++!!! The Property Was Completely Renovated In 2022 & Would Be The Perfect Location For People With A Large Extended Family!!! The Property Is Located In The Heart Of Deer Park Directly Across From Pine Acres Park & Just 2 Minutes From Deer Park Ave. (Rt 231)!!! Neighbors Include Nike, Coach, The Home Depot, ShopRite, CVS, 7-Eleven, Extra Space Storage, AutoZone, Sunoco, Uncle Giuseppe's, Sonic, Retro Fitness, Tropical Smoothie Cafe, Taco Bell, McDonald's, Texas Roadhouse, Mavis Discount Tire, Dollar Tree, Red Lobster, Aldi, +++!!! This Could Be Your Next Development Site Or Investment Property!!! Income: LL: $31,200 Ann. M-M. 1st Floor: $42,000 Ann. M-M. 2nd Floor: $55,200 Ann. M-M. Gross Income: $128,400 Ann. Expenses: Oil: $5,000 Ann. Electric:$5,000 Ann. Maintenance & Repairs: $250 Ann. Water: $2,500 Ann. Insurance: $2,500 Ann. Taxes: $17,183.21 Ann. Total Expenses: $32,433.21 Net Operating Income (NOI): $95,966.79 (8 Cap!!!)

Listing Courtesy of all island estates realty corp