Prime investment opportunity featuring a well-maintained strip mall with 7 retail units and ample parking for approximately 30 vehicles. This income-producing property is fully occupied by a diverse tenant mix, including a church, Pizza King, barber shop, laundromat, Chinese restaurant, bagel shop, and Fuego Bar & Restaurant. The property generates a strong annual gross income of $315,907, with total expenses of $82,578, resulting in an impressive net income of $233,329. High visibility and convenient access make it an attractive location for tenants and customers alike. A solid addition to any investment portfolio with consistent cash flow and long-term potential.
908-930 straight path, W. Babylon, NY, 11704
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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