Unique Brick building in the heart of Franklin Ave. Mixed use building with 4 residential 3 bedroom apartments (all apartments rented at below market $1,000/ month) and a 4338 sq ft commercial space on the first floor, large parking area for 27+ cars. Completely renovated in 2004. Annual Real Estate Taxes are 24,358.
Commercial area is leased to fine Francesco's Ristorante, Little Italy's best kept secret.
Sale Subject to short sale approval, contact agent for details. Negotiable.
First floor used to be subdivided into 3 store fronts, with a potential of 7 units all together. Zoning is B-4 Business District, some of the major uses permitted are, among others, community centers, athletic clubs, medical clinics, churches, retail food stores, and most retail trades.
Property appraised at $645,000 in 2015, see attachments including property condition description.