This deal includes 44-46 Kinderkamack Rd a separately deeded parcel that includes two one bedroom apartments rented at 1) Vacant 2) $1200 mo. Active liquor store on site with lease in place Huge basement suitable for renting separately (commercial grade). Yearly $94,800 rent* increases to $104,736. (* = apartment #1 vacant- $1200.) Tenant responsible for tax increase over base year 2014 - Was $20030 / Now $28,287 for a $8248 reimbursement. NOI is - $81,206. $81,206 / $1,200,000 = 6.7% Cap Rate 2022.
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