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438A Main St.
Franklin, NY 13775
Asking Price
$495K
Asset Type
Mixed-use
Class
Class B
What's Special
Mixed Use | 3,500 SqFt <p>Historic brick and iron building with cosmetic renovations comes with an approved $250K economic development grant to reimburse approved capital improvements by May 2027.</p><p>1750 sf retail/cafe space with half bath and kitchenette</p><p>500 sf 1 BR apt leased for $950/mo</p><p>1200 sf art studio/retail/office month to month at $700/mo</p><p>off street parking</p>
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NOI
$80,000
Cap Rate
16.16%
DSCR
2.72
Strong
Cash-on-Cash
34.08%
Monthly Payment
$2,448.99
Annual Cash Flow
$50,612.121
