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532 Willoughby Ave., Brooklyn, NY 11206

$1,349,000
Listing Details:
$1,349,000 Price
Townhouse Property Type
Bed Stuy Neighborhood
6 Beds
3 Baths
1,500 Approx. Sq. Ft.
$284 RET
Key Features:
Allows Pets
Unit Garden
Description:

Adorable 3 story, 3-family brick townhouse with basement in prime Bed Stuy location. This property works great for someone looking to occupy one unit and use the rent from other two units to pay the mortgage, living virtually for free. With projected income of $82,800/year and a Cap Rate of 5.3% this is also an ideal building for investment and works well for 1031 Exchange buyers. Set up as two one bedrooms each garnering approx. $1,700/month for maximum per square foot rental income and a 3 bedroom duplex garnering approx. $3,500/month. Spacious layouts, bright light and high ceilings, updated bathrooms and kitchens with stainless steel appliances. On the same block as Willoughby General and ideally located a block from the Myrtle/Willoughby G train plus great bus and bike lane access. All mechanicals are in good condition and the building is fully functioning. Vacant and delivered as such. Income and expense sheet available upon request.

Listing courtesy of The Corcoran Group

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