This 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 $79,728 as an investment property 6.1 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.