$ 499,000
-
$499,000
Price -
0.28
Acre
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About the Listing KWRE01 - 346530
Single-tenant dental office investment at the corner of Albert Street and Wickham Avenue in Middletown. Great investment opportunity, own the RE and let the tenant pay down your investment. This freestanding, approximately 2,884 SF building occupies a 0.275-acre lot with dedicated on-site parking. Mondovi Dental, has occupied the property since 2016. The gross lease runs through August 31, 2029, with approximately 2% annual rent increases and two additional three-year renewal options. At $499,000, the offering reflects a projected 8.11% cap rate based on $40,474 pro-forma NOI, including estimated expenses. Real estate only: the dental practice, equipment and goodwill are excluded as they belong to the teant, and the tenant remains in place. Building area is per public records; buyers should verify measurements, lease terms and financials.
Listing Highlights for 2-4 Albert St
Interior Details
- Appliances:
- Air Cond: Central Air,Ductwork,Wall/Window Unit(s),Zoned
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement: Crawl Space,Full,Storage Space,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $12,009
- Taxes w/Assessments: N/A
- Tax/Property ID: 330900-027-000-0006-028.200-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
2-4 Albert St Middletown, NY 10940
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