Listed by Michael Cervelli Real Estate & Property Management
$899,000
593 Ocean Avenue
Details
Property Type Mixed Use
Sub Type Retail
Square Footage 2,973
Units 4
Cap Rate 6.87%
NOI $61,799
Occupancy 100%
Price per SqFt $302
Year Built 1920
Stories 2
Well Kept Mixed use Property with Garage parking and huge upside.
Marketing description
2-story mixed-use property with an additional building containing 4 garages and a storage unit. There are 2 commercial units located on the first floor with 2 residential units located on the 2nd floor. This is a brick property that is fully leased and has separate utilities.
Listing Contacts
Listed by Michael Cervelli Real Estate & Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,799.00
$5,149.92/mo
Valuation Metrics
0
DSCR
6.87%
Cap Rate
6.87%
ROI
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