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Approved Plans 8 family Hempstead 178 S Franklin St 8 Unit Apartment Building $1,649,568 CAD ($206,196 CAD/Unit) 20% Cap Rate Hempstead, NY 11550
INVESTMENT HIGHLIGHTS
- HUGE INCOME, Brand new construction.
EXECUTIVE SUMMARY
I own a legal 5 family on this property but we had a fire. So now after 2 years, we finally got approval on a 8 family :-)
Demo already completed. Electric and water is all there ready to go!
Rent Roll should be about or over $288,000.00 per year, plus parking and laundry $$$.
I'm retiring and moving to florida. If you know how to build, this is a home run.
Demo already completed. Electric and water is all there ready to go!
Rent Roll should be about or over $288,000.00 per year, plus parking and laundry $$$.
I'm retiring and moving to florida. If you know how to build, this is a home run.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 2013-34-360-00-0718-0 | Improvements Assessment | $379 CAD |
| Land Assessment | $181 CAD | Total Assessment | $560 CAD |
PROPERTY TAXES
Parcel Number
2013-34-360-00-0718-0
Land Assessment
$181 CAD
Improvements Assessment
$379 CAD
Total Assessment
$560 CAD
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Approved Plans 8 family Hempstead | 178 S Franklin St
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