Nicely updated investment property includes a Restaurant with 20 parking spaces, Auto repair Shop with multiple bays, newly renovated barber shop and a newly renovated 2 bedroom/1 bath apartment in walking distance to Iona College. Current rent roll $147,900 with $7,200/year increased rent roll starting January 2012. Utilizing current expenses, this great investment currently has a CAP Rate of 6.6% and jumping to 7.0% in January 2012.
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