Nestled among the townhouses on a quiet, tree-lined block, this nearly 3,000-square-foot house offers an abundance of opportunity. The month-to-month tenants garner an annual rent roll of $67,740, delivering an approximately 5% cap rate to the owner, without any upgrades necessary.
The first, second, and third floors feature floor-though one-bedroom, one-bathroom units with ample storage space in each residence. There is a plethora of private outdoor space for each tenant with second and third floor private balconies and access to the large, well-maintained back yard via the first floor.
Limited financing is available.
859 Herkimer Street is conveniently located close to the A/C subway lines as well several bus lines on Fulton Street, where transportation and shopping opportunities are plentiful.