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    OFF-MARKET
    Mixed-use properties

    Mulford St, Patchogue, NY 11772

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    Property summary
    AI-generated overview

    This unique Patchogue, NY property presents a compelling investment opportunity. The property is a mixed-use building currently generating substantial rental income. A warehouse component offers a rental income potential of $2,500 to $3,000 per month, while a separate residential unit generates $4,000 per month in rental income. This translates to a significant annual return for the investor. The property's zoning allows for the potential subdivision of the warehouse, subject to obtaining necessary Village approvals and permits. This subdivision possibility further enhances the property's value and potential for increased income streams. The existing income-generating components provide immediate cash flow, minimizing risk for the buyer. Whether the buyer chooses to maintain the current setup or pursue the subdivision option, this property offers a rare chance to capitalize on a high-demand market. The property's location in Patchogue offers convenient access to local amenities and transportation. This is an exceptional opportunity for both seasoned investors and owner-occupants seeking a lucrative and versatile property. The property is being offered at $1,100,000. Serious inquiries only.

    Property profile
    Verified
    Property type Mixed-use properties
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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