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$925,000
911557 MLS
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it’s in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don’t miss out!

171 S Franklin Street, Hempstead

$1,399,000
7 Beds 4 Baths 899423 MLS
Recently renovated, this legal four-family home is situated in the heart of Hempstead. This property presents a strong investment opportunity with income generation and growth potential. Its modern renovations and strategic location attract tenants, ensuring steady rental income. Offering a variety of apartment sizes. The property features newly updated kitchens equipped with new stainless steel appliances, modernized bathrooms, new hardwood floors, and freshly painted walls. Full finished basement for endless possibilities. A large backyard fully fenced in for ample parking. Conveniently located near the Long Island Railroad (LIRR), bus services, shop, parks, schools, and a variety of amenities. This home offers both comfort and accessibility.

136 Fairview Boulevard, Hempstead

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.