162 West 123rd Street represents a fantastic opportunity for an investor or owner-landlord. Located on a desirable tree-lined block in the Mount Morris Park Historic District, the property is an elegant Neo-Grec Four Family rental investment townhouse built by Jacob Valentine and A. A. Teets in 1884. The duplex three-bedroom garden/parlor apartment and three floor-through units on the upper stories offer excellent capitalization rate, cash flow and return on investment. This beautiful house provides approximately 4,060 square feet of space across five floors, and all units boast high ceilings, large windows supplying abundant natural light, open-plan kitchens and tiled bathrooms. All have separate electric meters and are wired for cable and internet.
This lovely property is just a few steps from shopping on 125th St, with Whole Foods, Bed Bath and Beyond and more, and adjacent to Harlems Restaurant Row. It is also conveniently close to transportation options including the 2/3 and B/C subway lines and the M2, M7 and M101 bus lines. For recreation, 162 West 123rd Street St is perfectly positioned between Mount Morris Park, Morningside Park and Central Park.
**Partial Virtual Tour Available upon request