3 Bed 2 Bath Single-family For Sale $1,445,000 2,800 sqft ($516 per sqft)
Broker: Joe Cruz Compass Greater NY, LLC
This pristine Flatbush semi-detached four-family house is an exceptional opportunity for investors or homebuyers seeking income generated from three a
...read moreThis pristine Flatbush semi-detached four-family house is an exceptional opportunity for investors or homebuyers seeking income generated from three additional rental units. The entire property has been gut-renovated and includes hardwood floors, washer-dryers and stainless-steel appliances, including dishwashers. Electricity and the roof were updated during the building's thorough renovation. The four separately metered units include two (2) one-bedrooms and two (2) two-bedrooms, including a duplex with a finished basement and access to the gorgeous backyard. This property offers very low annual expenses at approximately $10,000 per year and solid rents: 1F - $1,700 1R - $2,200 2F - $2,000 2R - $1,800 Projected Net Income of approximately $82,400 as an investment property -- 5.7 percent CAP Rate. Three units to be delivered vacant: Unit #2R is occupied with an excellent tenant paying $1,800 with a lease in place until July 2021. Consisting of 2,800 square feet on a 20-foot by 100-foot lot, this property is conveyed with approximately 2,000 square feet of air rights available. Located on a charming tree-lined street in Flatbush, this building is close to great shopping, dining and services along Flatbush Avenue. Massive Prospect Park is less than a mile away, and 2, 5, B and Q trains provide easy access to the rest of the city.
