About 718 Henderson Avenue

Uncover an outstanding investment opportunity anchored by this expansive mixed-use building. The ground floor showcases a generous deli store, seamlessly paired with a sizable full basement, amplifying its versatility. Above, a spacious 4-bedroom apartment offers an additional income stream, further enhancing the property's value. Noteworthy is the autonomy given to tenants for their electricity and gas expenses, bolstering your profitability. With a commendable gross income of $73,500 and operational costs totaling $10,107, the property culminates in a robust net income of $63,393. Showcasing a cap rate surpassing 6%, the architectural footprint stands at 22' x 100' for the ground floor and 22' x 75' for the second floor.

Facts & Features

Type Commercial
Area Randall Manor
County Richmond
Condition Good
Lot Size Sqft 2,500
Lot Dim 25x100
Taxes 17254
Tax Abated No
Year Built 1930
Building Sqft 3,432
List Price per Sqft $254
Zoning R-3-2
Siding Frame
Sewer City
Electric 110
Heating Source Hot Water, Electric, Natural Gas
Heating System Hot Water, Electric, Natural Gas

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Listing Office: Re/Max Edge