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$1,938,000 / 8br - Updated 3 family, GREAT INCOME, Other Brokers R Welcome! (Brooklyn, close to subway)
8BR / 5.5Ba
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Located in Brooklyn in the vibrant neighborhood of Bushwick, bordering Bedford-Stuyvesant, within a short walk to Subway station, and the Saratoga Park. The property is surrounded by numerous bars, restaurants, cafes, art stores, gyms, a couple of supermarkets, pharmacies and many other amenitie. This BIG 18.75/50, almost 3,750 Sq Ft building, is a 3 story, legal 3 family house, with an additional finished walk-in basement, and a nice backyard. Each of the top 2 floors contains a 3 bedroom/1.5 bathroom apartment. The first floor contains a 2 bedroom/1.5 bathroom Garden apartment with private access to the backyard that has a beautiful deck. There is an option, with minimal modification, to combine the first floor with the walk-in basement to create an attractive 4 bedroom/2.5 bathroom duplex apartment, great for owner occupant or for increasing the income. This building is in excellent shape. Each of the 3 units has 1.5 bathrooms, washer/dryer hookup, quartz countertops, solid wood white Shaker cabinetry, hardwood floors, and stainless-steel appliances including a dishwasher & over-the-stove microwave. Each unit also has its own separate gas heat & hot water, and electric & gas meters. The walk-in basement is fully finished, and has both an interior & street access, and a second access to the backyard. The building carries low maintenance cost, and is very well maintained, including recently replaced hot water heater & Bosch dishwashers, keeping the wonderful long-term tenants happy, with very few turnovers. The current income from the 3 units is $9,500 a month, but easily can go up to $11,000-12,000, bringing the CAP rate from 5.79% up to 6.75%. The building can be delivered occupied or partially vacant. ALL OTHER BROKERS ARE WELCOME! Please contact Jay for showing, and check here for more info about MANY other homes:
https://www.brownstoneking.com/3family-with-great-income
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