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104-18 Jamaica Ave
Richmond Hill, NY 11418
Retail Property For Sale
Executive Summary
CALLING ALL INVESTORS! CASH FLOW KING- extremely low property tax and great tenants. Look no further! Excellent opportunity for investors! This fully rented well-maintained brick mixed-use building features a high-visibility store front and TWO residential units with 2 bedrooms and 1bathroom. Fully updated and renovated 6 years ago with new windows, electrical and heating system. Perfectly situated in a high-density area with both foot and vehicle traffic. Tenants enjoy the convenience of separated meters for both gas and electric. Long term and stable tenants already in place, providing immediate rental income from day one with current Cap rate of 5.5%. Don't miss this rare opportunity for a stabilized asset and great addition to your portfolio.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built
1920
Price
$1,846,279 CAD
Price Per SF
$659.39 CAD
Cap Rate
5.50%
NOI
$101,545 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.05 AC
Zoning
C2-4/R6A/R3-1 - Medium density residential district
Frontage
24’ on Jamaica Ave
Property Taxes
| Parcel Number | 09289-0008 | Improvements Assessment | $33,184 CAD |
| Land Assessment | $10,202 CAD | Total Assessment | $43,386 CAD |
Property Taxes
Parcel Number
09289-0008
Land Assessment
$10,202 CAD
Improvements Assessment
$33,184 CAD
Total Assessment
$43,386 CAD
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